Would Colorado minimum-wage hike lead to big job losses?
By: Ed Sealover, Denver Business Journal
Employment in Colorado would fall by some 90,000 people — particularly among younger and lower-skilled workers — over the next six years if statewide voters were to approve a proposed ballot measure this fall raising the minimum wage, according to a report released on Tuesday by a business group that opposes the measure.
Written for the Common Sense Policy Roundtable, the study by a Portland economist argues that businesses will have to reduce workers as floor wage levels climb gradually to $12 an hour by 2020 and then increase by the rate of inflation thereafter.
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