Colorado’s economic growth makes us the envy of other states near and far. Our entrepreneurial spirit has pioneered massive advances in technology, manufacturing, and energy development. But when you take a closer look at our economy, there is a glaring problem: Colorado’s cost of living has far outgrown most people’s incomes.
Take-home pay has barely increased while the costs to rent or buy a house have skyrocketed. Salaries are almost flat at the same time that our state is experiencing unprecedented growth. In Colorado, we share the value that we should succeed together. Front Range economic growth should be coupled with prosperity on the Western Slope, the Eastern Plains, and Southern Colorado.
We are all #COworkers in our fight to build an economy that works for everyone, not just those at the top.
The Colorado way of life should be within reach for everyone.
Together we will raise wages for working families and make sure incomes keep pace with the cost of living. And we’ll take advantage of innovative policies to put money back in the pockets of Colorado families and prepare us for the economy of the future.
For instance, providing access to free, full-day preschool will provide savings of more than $11,000 per year for families with young kids. Utilizing free open-source textbooks will save college students more than $1,200 every year, and dual and concurrent enrollment programs that give students the chance to earn college credits, and even a degree, while in high school are shown to improve achievement while saving parents and students thousands of dollars.
In today’s workforce, unions are more relevant and important than ever before in creating a pathway to achieving the American Dream for middle class workers and to sustain an equitable democracy. All workers should have the right to form a union without fear of retaliation. In addition, supporting all families with policies like paid family and medical leave means employees will no longer have to choose between paying rent or caring for a loved one in need. More employee-ownership ensures that when companies do well, it’s not just the executive and shareholders who make money but the workers alongside them.
Altogether, these policies will help us build a Colorado economy where working families can not just get by, but earn a good living.