Happy New Year to those Coloradans about to get a raise. According to the State of Colorado, the wage bump goes into effect immediately on January 1, 2020. 

In 2019, minimum wage workers earned $11.10 per hour, and tipped minimum wage workers earned $8.08 per hour. These workers will now see nearly a dollar-per-hour increase. In 2020, Colorado minimum wage will be $12; $8.98 for tipped workers.

In the last five years, minimum wage has increased by nearly $5, but it has increased by 90 cents per year for the last few years because of Amendment 70, which went into effect in 2017. However, in 2021, this may or may not happen again.

'With the passage of Amendment 70, effective January 1, 2017, Colorado's minimum wage was increased to $9.30 per hour and is increased annually by $0.90 each January 1 until it reaches $12 per hour, effective January 2020,' the Colorado Department of Labor and Employment said. 'Thereafter it will be adjusted annually for cost of living increases, as measured by the Consumer Price Index used for Colorado.'

Read more about minimum wage increases from Colorado.gov.