What Is Minimum Wage in Colorado 2018?
The minimum wage is the lowest legal wage that an employer can pay to their employees. It is set by the government to ensure that workers receive fair compensation for their labor. In Colorado, the minimum wage is determined by a state law which takes into account various factors such as inflation and cost of living.
As of January 1, 2018, the minimum wage in Colorado is $10.20 per hour for non-tipped employees and $7.18 per hour for tipped employees. This means that employers must pay their non-tipped employees at least $10.20 per hour and tipped employees at least $7.18 per hour. However, it is important to note that these rates are subject to change and may be adjusted annually based on economic conditions.
The minimum wage in Colorado is higher than the federal minimum wage, which is currently set at $7.25 per hour. This means that if a Colorado employer is subject to both state and federal minimum wage laws, they must pay their employees the higher of the two rates.
FAQs about Minimum Wage in Colorado 2018:
1. Is the minimum wage the same for all employees in Colorado?
No, the minimum wage varies depending on whether the employee receives tips or not. For non-tipped employees, the minimum wage is $10.20 per hour, while for tipped employees, it is $7.18 per hour.
2. Are there any exemptions from the minimum wage law in Colorado?
Yes, certain categories of employees are exempt from the minimum wage law in Colorado. These include agricultural workers, employees of small businesses with annual gross revenues of less than $500,000, and certain trainees or apprentices.
3. Can employers pay less than the minimum wage if they provide other benefits?
No, employers must pay their employees at least the minimum wage regardless of any other benefits they may provide.
4. Are there any plans to increase the minimum wage in Colorado in the future?
Yes, the minimum wage in Colorado is adjusted annually based on the Consumer Price Index for the Denver-Boulder-Greeley metropolitan area. This means that it may increase in the future to keep up with inflation and the rising cost of living.
5. What is the penalty for employers who violate the minimum wage law in Colorado?
Employers who fail to pay the minimum wage can be subject to both civil and criminal penalties. They may be required to pay back wages owed to the employee, as well as fines and penalties imposed by the government.
6. Can employees negotiate a higher wage than the minimum wage?
Yes, employees are free to negotiate a higher wage with their employer if they believe their skills or experience warrant it. However, the minimum wage serves as a baseline to ensure that employees are not paid below a certain standard.
7. Are there any exceptions to the minimum wage for minors in Colorado?
No, there are no exceptions to the minimum wage for minors in Colorado. All employees, regardless of age, must be paid at least the minimum wage.
In conclusion, the minimum wage in Colorado 2018 is $10.20 per hour for non-tipped employees and $7.18 per hour for tipped employees. It is important for both employers and employees to understand and abide by the minimum wage law to ensure fair compensation and compliance with state regulations.