From 2019 to 2022, Denver raised the minimum wage from $11.10 per hour to $15.87 to “catch up” to the modern cost of living. Since then, the number has been adjusted each year based on a variant of the Consumer Price Index, a commonly used measure of inflation.

The city of Denver is raising its minimum wage starting Jan. 1, 2023. FOX31's Gabrielle Franklin spoke with experts about the impact of the change on workers.

KEY TAKEAWAYS Over 9.2 million minimum-wage workers saw their paychecks increase as 21 states raised their wage floors to adjust for inflation, ballot measures, and legislation.Additionally, 48 cities and counties will raise the minimum wage higher than their current state's.

Over 9.2 million workers across the U.S. will see their paychecks grow as the minimum wage rises in 21 states. The change — effective Jan. 1, 2025 — represents an overall pay increase of $5.7 billion per year,

As 2025 approaches, both California and Florida are set to implement significant increases in their minimum wage rates, impacting millions of workers.