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Colorado voters pass ballot to increase minimum wage

Colorado is one of four states to pass a ballot measure this election that will increase the minimum wage.

According to The Atlantic, Colorado, Arizona, Maine and Washington passed the measures, which will increase the minimum wage between now and 2020.

The Coloradoan reports that Colorado’s amendment will raise state minimum wage from $8.31 to $9.30 an hour for untipped workers, effective Jan. 1. The state will then be required to increase the minimum wage 90 cents per year until 2020 making it $12 per hour at that time. 

As housing prices in Colorado have increased, many have argued that the current minimum wage is not keeping up, however the amendment to increase it was criticized by some members of the business community, who argued it would result in higher prices and job cuts.