Low and unstable incomes are the primary reasons hardworking people seek help from EFAA. On average, our clients’ incomes are well below the Federal poverty level and a long way from being able to support a family without assistance. A higher, more dependable income is their most basic need.
Along with broad support from the community, including the Boulder Chamber of Commerce, and The Community Foundation Serving Boulder County, EFAA supports passage of Colorado ballot initiative 101 to raise the Sate minimum wage. Getting a raise is an important step for providing greater economic stability and opportunity for the families EFAA serves. While we recognize that effects will be felt differently across the State, the need for low-income wages to rise in Boulder County is crucial given local housing and childcare costs.
Currently, the annual income for a full-time minimum wage earner in Colorado is $17,285, below the Federal poverty level of $20,090 for a family of three. At $12 per hour, a minimum wage job would provide an annual income of $24,960.
Raising the minimum wage can lift working families out of poverty. It’s in everyone’s best interest when hard-working people can become more self-sufficient and have money to spend in the community.