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Missouri Minimum Wage Increases for 2014

JEFFERSON CITY, Mo. – The state minimum wage has increased beginning January 1, 2014.
JEFFERSON CITY, Mo. – The state minimum wage has increased effective January 1, 2014.

According to the Missouri Department of Labor, the new state minimum wage for 2014 is set at $7.50 per hour, an increase from the current rate of $7.35 per hour.

All businesses are required to pay at minimum, the $7.50 hourly rate, except retail and service businesses whose annual gross sales are less than $500,000.

According to state law, the minimum wage rate is calculated once a year and may increase or decrease based on the cost of living as measured by the previous year's Consumer Price Index.

Missouri law does not allow the state's minimum wage rate to be lower than the federal minimum wage rate.

For employees who receive tips, compensation must also total at least $7.50 per hour.

Employers are required to pay tipped employees at least 50 percent of the minimum wage, or the amount necessary to bring the employee's total compensation to a minimum of $7.50 per hour.

To learn more about minimum wage, visit the Missouri Department of Labor website.





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