Once the clock struck midnight in Denver on Sunday, the city’s minimum wage increased from $17.29 per hour to $18.29.
City auditors reminded business owners to keep track of the change.
Denver has increased its minimum wage by $5.44 since 2020, when it stood at $12.85 per hour. The city’s minimum wage was $14.77 in 2021 and $15.87 in 2022.
The minimum wage adjusts every year based on the Consumer Price Index to keep up with the cost of living, according to city law.
In a statement, the city’s auditors office noted that employers — particularly in food and beverage — can claim up to $3.02 in extra hourly tip credits.
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Roughly two dozen states are seeing minimum wage rises in the New Year, according to a recent report by the Economic Policy Institute.
In California, the minimum wage increased to $16, up from $15.50, while in Connecticut it increased to $15.69 from the previous rate of $15.
This most recent pay bump in New York is part of an agreement made last year between Democratic Gov. Kathy Hochul and the state legislature. The deal came over the objections of some employers, as well as some liberal Democrats who said it didn’t go high enough.
New York, meanwhile, is slated to see the first of a series of annual increases, with the minimum wage increasing to $16 in New York City and some of its suburbs, up from $15. In the rest of the state, the new minimum wage is $15, up from $14.20.
The federal minimum wage in the United States has stayed at $7.25 per hour since 2009, but states and some localities are free to set higher amounts. Thirty states, including New Mexico and Washington, have done so.