191039 Resource 147682 147762 147762 1196361299331 1196361299331 Controlled Colorado Minimum Wage Rate for 2008

The Colorado Department of Labor just announced the new minimum wage rate for 2008

<p><font face="Trebuchet MS">The new rule enacted last year to the&nbsp;Colorado Constitution requires the&nbsp;state's minimum wage rate&nbsp;to be adjusted each year for inflation. The inflation adjustment is based on the US Bureau of Labor Statistics' Consumer Price Index for All Urban Consumers (CPI-U) for the Denver-Boulder-Greeley combined area. This adjustment&nbsp;is based on the difference between the CPI-U from the&nbsp;first half of the prior year&nbsp;and the first half of the current year. The CPI-U increased 2.5% from the first half of 2006 compared to the first half of 2007.&nbsp; This adjustment will increase the 2008 minumum wage rate to <strong>$7.02 per hour</strong>, effective January 1, 2008.&nbsp; The Tip credit for 2008 has not changed so the minimum wage rate for &quot;Tipped Employees&quot; will be $4.00 ($7.02 - $3.02).</font></p><p /><p>For More information please go to the Colorado Department of Labor's home page at: <a href="http://www.coworkforce.com">www.coworkforce.com</a>.</p><p /> 10 application/xml false Colorado Colorado Department of Labor Colorado minimum wage Consumer Price Index Costitution inflation tip credit tipped employees Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.1; SV1; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 jstratton 67.41.223.170 false true false false true 214444 false false true false false false true 147682 blog blogsite/StaffScapes/web