Missouri's Minimum Wage On The Way Up

1 decade 7 months 3 weeks ago Saturday, October 06 2007 Oct 6, 2007 Saturday, October 06, 2007 2:54:33 AM CDT October 06, 2007 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)

JEFFERSON CITY - Missouri's minimum wage will increase by 15 cents an hour as of January 1st, to a new rate of $6.65 an hour. The change marks the first automatic adjustment for Missouri's minimum wage since voters passed a ballot measure last year. That initiative raised the basic wage to $6.50 in 2007 from $5.15, with an annual inflationary adjustment thereafter. The 2008 increase in the minimum wage is based on a 2.2 percent change in the Consumer Price Index between July 2006 and July 2007. Voters approved the minimum wage ballot initiative by a roughly 3-to-1 vote.

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