Colorado Minimum Wage 2024 Salary. Below is an annual breakdown of the minimum salary for colorado employees, with the first changes effective beginning july 1, 2020 (which differs slightly from a previously. Below is an annual breakdown of the minimum salary for colorado employees, with the first changes effective beginning july 1, 2020 (which differs slightly from a previously proposed breakdown.

By striking down the rule in its entirety, the threshold reverts back to the 2019 rule’s requirement of a $35,568 minimum salary ($107,432 for the highly compensated employee test). The federal minimum wage, introduced in 1938 during the great depression under president franklin delano roosevelt, was initially set at $0.25 per hour.