Minimum Wage To Rise To $7.50 In January
Date 2013/11/12 4:54:23 | Topic: News
|JEFFERSON CITY, MO. (AP) -- Missouri's minimum wage will rise by 15 cents an hour in January.|
The Missouri labor department has set next year's minimum wage at $7.50 an hour. That's a cost-of-living increase over the current $7.35 an hour.
A 2006 ballot measure approved by Missouri voters required the state's minimum wage to be adjusted annually based on changes in the Consumer Price Index.
The group Missouri Jobs with Justice, which supported the ballot initiative, says the latest increase is good for the economy but still not enough for some families.
The Missouri Chamber of Commerce and Industry says the wage increase could make it harder for some business to employ people.
The increase will make Missouri's minimum wage 25 cents higher than the federal minimum wage.