Denver employers should pay their hourly staff 52 cents extra subsequent yr after town’s minimal salary rises to $18.81 consistent with hour on Jan. 1.
For tipped staff, the minimal salary might be set at $15.79 consistent with hour if the ones staff make a minimum of $3.02 in guidelines consistent with hour.
Town officers introduced the impending new charges in a information unlock Thursday. Till Jan. 1, employers are required to pay non-tipped staff this yr’s price of a minimum of $18.29 consistent with hour.
The 52-cent build up — 2.84% — is the smallest build up since a minimum of 2021, consistent with information to be had via Denver Hard work, the department of the Denver Auditor’s Place of business that enforces town salary regulations.
This yr’s price is a buck greater than the $17.29 minimal town required employers to pay in 2023. In 2022, town minimal salary used to be $15.87, up from $14.77 in 2021. In 2020, the velocity used to be $12.85.
The Denver Town Council tied town minimal salary to the Shopper Value Index in 2019. That index is a measure of the common value customers pay for a spread of elementary items. Town’s smaller build up this yr is a sign that the price of items is moderating after years of top inflation.
Mayor Mike Johnston celebrated the gentler bump in a commentary Wednesday.
“This carry places cash within the wallet of hard-working Denverites and makes us an much more sexy activity marketplace for employers and staff alike,” he mentioned.
Matthew Fritz-Mauer, the director of Denver Hard work, highlighted the significance of a price that helps to keep up with inflation and the worth of implementing the ones minimal charges in a commentary despatched to The Denver Publish on Friday.
“Expanding pay for Denver’s lowest-paid staff helped folks all around the town are living, pay hire and deal with their households,” he mentioned. “Salary robbery harms staff, the group and the companies who’re doing the appropriate factor by means of paying wages in line with the regulation.”
Denverites can file improperly paid or withheld wages at Denvergov.org/DenverLabor.
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