Colorado first state to reduce minimum wage
Denver Colorado will become the first state to reduce its minimum wage because of a falling cost of living, according to a report by the Associated Press.
The state Department of Labor and Employment ordered the wage down to $7.24 from $7.28. Colorado is one of 10 states where the minimum wage is tied to inflation.
Because Colorado’s provision allows wage declines, the minimum wage will drop due to a falling consumer price index. It will be the first decrease in any state since the federal minimum wage law was passed in 1938.
“We can’t see that there would be any other option” except lowering the wage, department spokesman Bill Thoennes said Tuesday. He said there will still be a public hearing on the question in early November, though the drop appears inevitable. The lower wage will take effect Jan. 1, 2010.
Advocacy groups for the poor have been warning of the wage drop since August, when the consumer price index for the Denver area was released.
Ohio and other states with adjustable minimum wages have seen their consumer price indexes fall. But Colorado is one of the few states where the law is interpreted to mean the wage can fall. Other states are planning to keep wages flat, according to AP.
In Florida, deflation would reduce the minimum wage to $7.21, but the state’s minimum wage already matches the federal wage, so Florida workers’ paychecks won’t change.
Other states with minimum wages that are tied to inflation are Arizona, Missouri, Montana, Nevada, Oregon, Vermont and Washington.
Target and Zinio team up for digital newsstand
MINNEAPOLIS and SAN FRANCISCO, Calif. Target and Zinio announced a partnership to extend access of their global portfolio of publications, including the most popular consumer titles, to Target guests worldwide.
Complementing the e-reading devices available for purchase on Target.com, the private-label newsstand site, target.zinio.com, features a vast selection of digital versions of the most popular U.S. and international single-issue, subscription and archived issues at discounted prices.
Target.com guests will be directed to a co-branded digital newsstand that showcases various publications. Target will market and promote its digital newsstand online and in stores nationwide. Popular titles include Elle, Parenting Early Years, Parenting School Years, Popular Science and Woman’s Day.
Shop at Macy’s for a cause
NEW YORK, N.Y. Macy’s announced its fourth Annual “Shop For a Cause” charity shopping event. This year’s Shop For A Cause event will take place at all Macy’s stores and on macys.com on Saturday, Oct, 17.
For “Shop for A Cause,” Macy’s donates shopping passes to participating charities in all of its markets across the country. The shopping passes are then sold by the charitable organizations for $5 each in the weeks leading up to the event. The organizations keep 100% of the proceeds from the sale of the shopping pass. Pass holders can redeem their passes at any Macy’s store or online at macys.com on Oct. 17 to receive 20% off most men’s, women’s, kids and accessories merchandise, 10% off most home items and 25% off a single item. Shopping passes are also sold at Macy’s stores from Sept. 1 through Oct. 17 and at macys.com on Oct. 17, with 100% of the proceeds from the sale of the pass to benefit designated charitable organizations including Feeding America and local food banks as part of Macy’s national “Come Together” campaign that aims to provide 10 million meals for the hungry and to other designated charities.
Local charities can register to participate in Macy’s Shop For A Cause by logging onto www.macys.com/shopforacause. Customers wanting to purchase a ticket to benefit a specific non-profit organization can look up participating charities on www.macys.com/shopforacause.