Impacts of Increasing Colorado’s Minimum Wage

June 4, 2016 by Eric Fruits, Ph.D.
President & Chief Economist
Economics International Corp.
www.econinternational.com
503-928-6635

EXECUTIVE SUMMARY

Economics International Corp. has been retained by the Common Sense Policy Roundtable to evaluate ballot initiatives which would mandate steep increases to Colorado’s minimum wage. The minimum wage initiatives would raise the state’s minimum wage to $12.00 an hour by 2020 and increase the wage with inflation in subsequent years. Our research focuses on the effects on employment and income impacts as a result of a minimum wage increase. A statistical analysis finds the following impacts on Colorado employment and incomes…

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