Wage Basics
This city in Colorado is raising its minimum wage to nearly 20$ an hour
Denver
True or False: states and cities are not allowed to set a minimum wage higher than the federal one
Flase
Minimum wage in Denver is?
$20
What was the minimum wage when it was first introduced?
$0.25 per hour
The federal minimum wage has stayed at this amount since 2009
$7.25
This national rule sets the baseline for wages across the country but allows states and cities to go higher
Federal minimum wage
Minimum wage in Westminster is?
$14.81
This major expense category especially high in Denver drives up the city's cost of living.
Housing
Cities raise wages to help workers afford this, which includes rent, food, and transportation
Cost of living
How many states have a minimum wage higher than the federal wage.
34
Minimum wage in Colorado Springs is?
$14
When a minimum wage is set above the equilibrium wage, this happens to the number of workers employer are willing to hire.
Decreasing
This level of government lest cities like Denver choose their own minimum wage
State Government
If Congress raised the federal Minimum wage, it would affect workers in what states
All 50 States
Minimum wage in Boulder
15.57
If federal minimum wage had kept up with productivity growth since 1968, it would be around this much per today?
$25 and hour.
One reason the federal wage hasn't changed is because lawmakers in this place can't agree
Congress
This Colorado legal principle gives cities like Denver the authority to make local decisions including setting their own minimum wage.
Home Rule Authority
Minimum wage in Edgewater
$16.52
If Denver's Minimum is 18.81 an hour and the federal wage stays 7.25 how much more does a full-time work earn.
Around 23 thousand more.
Answer: Calculation ( 18.81- 7.25) x 40 hours x 52 weeks = 23,036