Friday, July 17, 2009
Dairy News from the MPI
Minimum Wage Goes up July 24th
Boise--Idaho’s minimum wage, currently $6.55 per hour, will rise to $7.25 per hour on July 24 as part of a three-step increase in the federal minimum wage approved by Congress in 2007. Idaho ties its minimum wage to the federal one, rather than setting its own; many of the surrounding states, have higher minimum wages.
Idaho Department of Labor spokesman Bob Fick said the three-year boost “has combined with the dampening effect of the national recession to actually give minimum wage workers a boost in buying power for the first time in over a decade.”
Before the start of the three years of increases, Idaho’s minimum wage – since 1997 – had been $5.15 an hour. Today, that is equal to $7.05 per hour – so the July increase will actually increase minimum-wage workers’ buying power above where it stood in 1997. About 40,000 Idaho workers will be affected by the July 24 pay hike, twice as many as were affected by the two earlier ones, to $5.85 in 2007 and to $6.55 in 2008.
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