Colorado will soon become the first state to cut its minimum wage. The 3 cent reduction will bring the wage down to $7.25 per hour, the same as the federal minimum. The cut is required by a law that ties the wage to inflation. But employment experts say companies are unlikely to cut the minimum for existing workers.
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Full story at http://www.npr.org/templates/story/story.php?storyId=120145717&ft=1&f=1001
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