EconTracker News

Dec 26, 2012 11:31 AM by Evan Weborg - MTN News

Montana minimum wage set to rise to $7.80

HELENA - Montana is only one of 18 states that has a minimum wage that is higher than the federal requirement, and in January the Treasure State's minimum wage will increase again.

Montana's minimum wage will be going up from $7.65 to $7.80 per hour in order to help offset a cost of living increase.

The change means about $300 more per year for people working 40 hours per week, and statistics show that about 7% of the state's workforce, just over 28,000 people, will be affected.

Montana Labor Commissioner Keith Kelly says that the increase may look small, but for some it can make a big difference.

I think the best way to look at this is this very small adjustment of only $300 - but $300 to somebody at that bottom level could mean a whole lot," Kelly explained.

"It could mean a new pair of tennis shoes for a child and maybe some health services that you went able to get, and so even though it is a small amount of money but for those people it is absolutely essential," he added.

Montana law requires a minimum wage adjustment annually based on changes in inflation as measured by the Consumer Price Index (CPI) from August of the preceding year to August of the year in which the calculation is made.

An adjustment to the minimum wage is to be calculated no later than September 30 of each year based upon any increase in the CPI, rounded to the nearest five cents.

Montana has had a minimum wage increase every year dating back to 2007. The federal minimum wage is currently $7.25 per hour.

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