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Thursday, October 11, 2007
STATE MINIMUM WAGE TO INCREASE TO $6.65 AN HOUR
Missouri’s standard minimum wage will increase to $6.65 an hour effective Jan. 1, 2008, according to the state Department of Labor and Industrial Relations. The state’s current minimum wage of $6.50 an hour took effect on Jan. 1, 2007, following voter approval of a ballot measure in November 2006 to boost the wage, which had been set at $5.15 an hour since 1997.
Proposition B, which voters passed with 76 percent support, also requires the wage to be adjusted annually for inflation starting in 2008. The pending 15-cent an hour increase in the wage is based on a 2.2 percent increase in the Consumer Price Index from July 2006 and July 2007.
Proposition B, which voters passed with 76 percent support, also requires the wage to be adjusted annually for inflation starting in 2008. The pending 15-cent an hour increase in the wage is based on a 2.2 percent increase in the Consumer Price Index from July 2006 and July 2007.
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