Minimum Wage Set to Rise

On January 1st, Missouri’s minimum wage will increase by 10 cents to $7.35 per hour, benefiting an estimated 79 thousand low-wage workers in the state. Missouri’s minimum wage increase means an extra $190 per year in wages for the average affected worker. Missouri is joined by nine states that will also raise minimum wage rates on New Year’s Day, boosting wages for nearly one million workers nationwide. Missouri’s January 1st minimum wage increase is the result of a ballot proposal approved by voters in 2006 that provides for annual rate adjustments to keep pace with the rising cost of living.