President Obama’s labor secretary visited Colorado last week to push for a ballot measure that would raise Colorado’s minimum wage to $12 an hour by 2020,reports CBS 4 Denver.
U.S. Labor Secretary Tom Perez insists raising the minimum wage would have a positive impact on Colorado’s economy. However, studies vary widely on whether minimum wage hikes hurt or help state economies.
If the ballot measure fails, the minimum wage will only increase to about $9 an hour by 2020.
Perez remained confident, saying, “I come here on behalf of the president to say, ‘Let’s vote yes on this critical initiative.’” Tyler Sandberg opposes the ballot measure. He says the ballot initiative is a red flag for Colorado. But supporters insist that Colorado thrived after the last wage increase in 2006.
