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State’s minimum wage to increase 15-cents

Posted on Tuesday, November 21, 2017 at 12:11 pm

Officials with the Missouri Department of Labor have announced that the state’s minimum wage will increase by 15-cents next year.
The new minimum wage will take effect on January 1, 2018.
According to state law, the rate rises from $7.70 to $7.85 with the new year.
State law requires the minimum wage rate to be calculated once a year, and be based on the cost of living as measured by the Consumer Price Index.
According to the Labor Department, all businesses are required to pay at minimum, the $7.85 hourly rate, except retail and service businesses whose annual gross sales are less than $500,000.
Compensation for tipped employees must also total at least $7.85 per hour. Employers are required to pay tipped employees at least 50 percent of the minimum wage, or the amount necessary to bring the employee’s total compensation to a minimum of $7.85 per hour.