Missouri’s minimum wage is expected to rise to $12.30 from $12 effective Jan. 1, 2024, according to Bloomberg Tax calculations.
The tipped minimum wage is expected to rise to $6.15 from $6, according to the calculations. The tipped minimum wage is equal to 50% of the state minimum wage, under state law.
The calculations were based on Missouri statutory requirements and federal Bureau of Labor Statistics data.
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