Cost of Living

KULR-8 TV, Oct 4 2007
BILLINGS - Montana's minimum wage workers will have a little extra pocket change at the start of the new year.
As of January 1st minimum wage earners will be paid an additional 10 cents for every hour worked. That increase will bring the minimum wage up to $6.25.
Montana Labor Commissioner Keith Kelly announced that with the cost of living on the rise, the increase in wages is necessary for low-pay workers.
Gary Buchanan, who owns an investment firm in town, said the wage increase probably would not have a big impact on the pocketbooks of minimum wage workers.
"I see fast-food companies advertising on their marquees for seven or eight dollars an hour," Buchanan said. "I think most of the market has gone beyond what is the new current minimum wage."