Thursday, October 15, 2009

Colorado lower minimum wage in 2010

From the New York Times, I knew the Colorado state is going to lower minimum wage in 2010. The reason is because of the falling inflation rates. The author writes that, "The state's Department of Labor and Employment said Tuesday that it planned to lower the minimum wage to $7.24 from $7.28, after an August federal consumer price index report showed that the cost of living had fallen in the state". In my opinion, everyone do not want to be decreased the wage, especially in the slow economy and falling inflation. Also the consumption level in Colorado is low in the whole United States. Anyway it is not a good news for the low income person in Colorado State. Although just four cents do not sound a big number that would make people feel uncomfortable and arouse lots of complain.

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