Minimum wage in Denver rising to $15.87 on Jan. 1

This story first ran on BusinessDen.com, a BizWest news partner.

Starting Jan. 1, Denver’s minimum wage will increase from $14.77 to $15.87, the final increase in what City Council members called “catch-up” phases.

Denver raised its minimum wage in 2020 to $12.85 an hour and then to $14.77 at the beginning of 2021. Starting in 2023, Denver’s minimum wage will increase Jan. 1 of each year based on the consumer price index.

“Higher wages for the workers our city depends on every day will help them mitigate cost-of-living increases and raise thousands of their families out of poverty,” Councilwoman Robin Kniech said in…