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Friday, January 3, 2014

Montana Minimum Wage Increase

Per the Montana Department of Labor & Industry, Montanans earning minimum wage will see an increase from $7.80 per hour to $7.90 per hour on January 1, 2014.

The increase in the minimum wage is based upon any increase in the U.S. City Average Consumer Price Index for All Urban Consumers for All Items (CPI) from August of the preceding year to August of the year in which the calcuation is made.  This amount is to be rounded to the nearest five cents.

The current 2013 minimum wage rate is $7.80.  Based on an increase in the CPI of 1.5% from August, 2012 to August, 2013, the calcuatoin used for determining the minimum wage rate for 2014 is as follows:                 $7.80 X .015% = $.12, rounded to $.10

Montana is one of 18 states that have a higher minimum wage than the national minimum wage of $7.25.  Washington has the highest minimum wage at $9.19.

Information relating to Montana's minimum wage may be downloaded from www.mtwagehourbopa.com or www.ourfactsyourfuture.org