Back to top


Click here to go back

Check our blog for updates on regulations or resources that can be used to help you and your business achieve your financial goals.


New Minimum Wage - Effective January 1, 2021

Posted by Admin Posted on Jan 05 2021

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.