DENVER - Colorado's minimum wage will increase by 22 cents on New Year's Day to $8 an hour.
Supporters say the raise will benefit 104,000 low-wage workers statewide. The minimum for tipped workers in Colorado will also rise by 22 cents, to nearly $5 an hour.
Last year, the minimum wage in Colorado went up 14 cents.
2014 is the fourth year in a row Colorado's minimum wage has ticked up. Colorado is one of a handful of states that link minimum wage to inflation.
Less than 100,000 workers in Colorado earn minimum wage.
The increase is expected to help the state by boosting economic growth by nearly $19 million.