Post by Poor Richard on Dec 15, 2022 13:03:10 GMT -7
Minimum wage in Montana set to increase
KBZK reports:
"Montana’s minimum wage will increase from $9.20 per hour to $9.95 per hour beginning on January 1, 2023 - an increase of 75 cents per hour, the largest in more than a decade.
Montana law requires that the minimum wage be adjusted annually based on changes in inflation as measured by the Consumer Price Index all Urban Consumers (CPI-U) from August of the year in which the calculation is made, and is rounded to the nearest $0.05.
In 2006, Montana voters approved Initiative 151, which increased the minimum wage by $1 and instituted an annual adjustment to account for inflation. Here are the changes to the Montana minimum wage since then:
Jan. 1, 2007: $6.15
Jan. 1, 2008: $6.25
July 24, 2008 (federal increase): $6.55
Jan. 1, 2009: $6.90
July 24, 2009 (federal increase): $7.25
Jan. 1, 2011: $7.35
Jan. 1, 2012: $7.65
Jan. 1, 2013: $7.80
Jan. 1, 2014: $7.90
Jan. 1, 2015: $8.05
Jan. 1, 2017: $8.15
Jan. 1, 2018: $8.30
Jan. 1, 2019: $8.50
Jan. 1, 2020: $8.65
Jan. 1, 2021: $8.75
Jan. 1, 2022: $9.20
The federal minimum wage is $7.25 per hour. Many states have higher minimum wage levels."
"Montana’s minimum wage will increase from $9.20 per hour to $9.95 per hour beginning on January 1, 2023 - an increase of 75 cents per hour, the largest in more than a decade.
Montana law requires that the minimum wage be adjusted annually based on changes in inflation as measured by the Consumer Price Index all Urban Consumers (CPI-U) from August of the year in which the calculation is made, and is rounded to the nearest $0.05.
In 2006, Montana voters approved Initiative 151, which increased the minimum wage by $1 and instituted an annual adjustment to account for inflation. Here are the changes to the Montana minimum wage since then:
Jan. 1, 2007: $6.15
Jan. 1, 2008: $6.25
July 24, 2008 (federal increase): $6.55
Jan. 1, 2009: $6.90
July 24, 2009 (federal increase): $7.25
Jan. 1, 2011: $7.35
Jan. 1, 2012: $7.65
Jan. 1, 2013: $7.80
Jan. 1, 2014: $7.90
Jan. 1, 2015: $8.05
Jan. 1, 2017: $8.15
Jan. 1, 2018: $8.30
Jan. 1, 2019: $8.50
Jan. 1, 2020: $8.65
Jan. 1, 2021: $8.75
Jan. 1, 2022: $9.20
The federal minimum wage is $7.25 per hour. Many states have higher minimum wage levels."