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The current minimum wage of $12.30 an hour would grow to $13.75 an hour on Jan. 1, 2025, and to $15 an hour in January 2027. The wage would then be adjusted annually based on inflation.
$12 Minimum Wage Initiative. Would annually increase the minimum wage until reaching $12 in 2023. Passed [21] 1,499,002 (62.34%) 905,647 (37.66%) Proposition C Medical Marijuana and Veterans Healthcare Services, Education, Drug Treatment, and Public Safety Initiative.
Employees of small private companies that bring in income of under $500,000 are also exempt. ... Missouri’s minimum wage will be indexed to match ... and July 2023, the 2024 minimum wage will ...
The ballot measure backed by Missouri Jobs with Justice would raise the minimum wage from its current $12.30 an hour to $13.75 an hour next year and then to $15 an hour in 2026.
Federal laws. [] The federal minimum wage in the United States has been $7.25 per hour since July 2009, the last time Congress raised it. [ 45 ] Some types of labor are exempt: Employers may pay tipped labor a minimum of $2.13 per hour, as long as the hour wage plus tip income equals at least the minimum wage.
Basic Minimum Rate (per hour) is $7.25 for employers with ten or more full time employees at any one location or employers with annual gross sales over $100,000 irrespective of number of full time employees. All other employers: Basic Minimum Rate (per hour): $2.00. Unless the employers are subject to the Fair Labor Standards Act, in which case ...
Missouri voters will decide on the measure, called Proposition A, on Nov. 5. It would gradually raise the minimum wage from $12.30 an hour to $15 an hour in 2026. On the same ballot, voters will ...
In 1938 the Fair Labor Standards Act established it at $0.25 an hour ($5.19 in 2022 dollars). Its purchasing power peaked in 1968 at $1.60 ($13.46 in 2022 dollars). [1] The Fair Minimum Wage Act of 2007 has set the minimum wage at $7.25 per hour since 2009. The real value of the federal minimum wage in 2022 dollars has decreased by 46% since ...