Colorado voters with oh-so-best of intentions in 2006 approved an increase in minimum wage. A dumb idea, to be sure, but what's worse is this state constitutional amendment also indexed the wage to inflation, so it increases every year, barring a deflationary cycle.
So here's 2009, and with the economy floundering and unemployment increasing, Colorado is compelled to increase the minimum wage to $7.28 an hour.
Here's hoping that the enevitable job losses which will result will not include yours nor mine.
Cheers!
