
Check our blog for updates on regulations or resources that can be used to help you and your business achieve your financial goals.
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Missouri’s minimum wage has increased with the passing of the new year. Effective, January 1, 2021, workers receiving minimum wage will now make $10.30 per hour, up from $9.45 in 2020. With the passage of Proposition B in the November 2018 election, the wage will increase 85 cents a year to reach $12.00 in 2023. Employers engaged in retail or service businesses whose annual gross income is less than $500,000 are not required to pay the state minimum wage rate. Employers not subject to the minimum wage law can pay employees wages of their choosing. |