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Denver Minimum Wage Increase Raises Questions Over Prices, Jobs, and Affordability
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DENVER7, Approved, Local

Denver Minimum Wage Increase Raises Questions Over Prices, Jobs, and Affordability

By Sophia Villalba | Denver7 DENVER — Denver's minimum wage will rise to $19.84 an hour on Jan. 1, renewing debate over how higher labor costs affect workers and businesses. Some say the increase is necessary, while others say the higher wages could impact business operations. Every business owner implements cost-cutting methods however they can. At Elemental Bakery and Coffeehouse, owner Cindy Wright chooses to take on more work herself to save some money. “Instead of hiring a dish person, we all do the dishes. We're not looking to raise prices or anything right now,” Elemental Bakery & Coffeehouse owner Cindy Wright said. Spending is top of mind, especially with another minimum wage increase on the horizon. READ THE FULL ARTICLE AT DENVE...
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High Housing Costs Put Colorado Business Growth at Risk
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Colorado Public Radio, Approved, State

High Housing Costs Put Colorado Business Growth at Risk

By Sarah Mulholland | CPR News Colorado’s businesses are at risk of losing their competitive edge to companies in other states and it comes down to whether people can afford to live here, according to a report from the Romer Institute of Evidence-based Policy. The reasons behind the state’s economic headwinds are multifaceted, but one thing is clear. The housing crunch is making it harder to recruit workers, the report found. The analysis looks at Colorado’s economy relative to Arizona, North Carolina, Texas, Utah and Washington. The states were chosen because they overlap Colorado’s economy based on region or industry, and they compete for talent, investment and business location decisions, according to the Denver-based nonprofit policy group that bears the name ...
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