Beginning January 1, 2024, the large business minimum wage will apply to all businesses. MO Statute 290.517; see also MO Dept. MO Statute 290.512(2). The new Missouri law also provides the following: Upon voter approval, Proposition B amended Sections 290.502 and 290.527 of the Revised Statutes of Missouri and created Section 290.529. Add to Your Calendar 01/01/2024 Missouri Minimum Wage Is Adjusted for Inflation You should set your own reminders based on your planning preferences. MO Statute 290.515;MO Regs. Over the next several years, Missouri’s minimum wage will increase as follows: Beginning January 1, 2024, Missouri will increase or decrease its minimum wage by the percentage the cost of living has changed from the prior July to the July in the year the review is conducted. Under the measure, the first increase, to $8.60 per hour, will take effect on January 1, 2019. The Missouri Minimum Wage poster was updated to reflect an increase in the minimum wage. All Legal Timetable dates are subject to change. Missouri law does not allow employers to pay employees with disabilities a wage rate less than the standard minimum wage unless the employees are employed in St. Louis County through the Summer Work Experience Program (SWEP), which is operated by Jobs, Employment, and Supported Services. Here is how it would work: This fact sheet was produced in collaboration with the National Employment Law Project. See FLSA: Minimum Wage. Starting on January 1, 2024, the minimum wage may increase or decrease each year depending on cost-of-living changes reflected in the Consumer Price Index for Urban Wage Earners and Clerical Workers. — 1. If employees do not earn at least the standard minimum wage for all hours worked when tipped wages are combined with tips earned, the employer must pay the employee the difference. 2018 Highlights Ogletree, Deakins, Nash, Smoak & Stewart, P.C. The current federal minimum is $7.25/hour, and generally, all states must pay no less than the statutory minimum wage. January 1, 2022. Sign up for Employment Law Handbook’s free email updates to stay informed. This calendar event does not automatically update. By July 1, 2024, the minimum wage will be $11.00 for employers that offer their employees health benefits and $12.00 for employers that do not offer health benefits. By July 1, 2024, the minimum wage will be $11.00 for employers that offer their employees health benefits and $12.00 for employers that do not offer health benefits. The Raise the Wage Act of 2019 would gradually raise the federal minimum wage to $15 an hour by 2024. In Illinois, the state minimum wage will go up a dollar on Jan. 1, to set a new high of $11. The federal minimum wage is just $7.25 and has not increased since 2009. Massachusetts Paid Family and Medical Leave: Latest Updates Ahead of January 1, 2021, Effective Date, The United Kingdom’s New Points-Based Immigration System, Ontario Government Passes Regulation to Create Flexibility in the Hospitality, Tourism and Trade Show Industries. The minimum wage as listed applies to businesses with 26 or more employees. The minimum wage will increase from $8.60 per hour to $9.45 per hour effective January 1, 2020. [2] As of 2017, the minimum wage in Missouri was $7.70. Can UK Employers Require Employees to Get COVID-19 Vaccinations? The nationwide minimum wage debate has raged for years, and one group is pushing for a national standard of $15 per hour. St. Louis had raised its minimum wage to $10 an hour. Missouri’s current minimum wage is $10.30. 8:30-4.020. The Raise the Wage Act of 2019 would gradually raise the federal minimum wage to $15 an hour by 2024. Missouri employers must also comply with federal minimum wage laws, which currently sets the federal minimum wage at $7.25. If minimum wage goes up to $15, skilled jobs overall would need to pay more. Seattle has adopted that wage standard, and a recent study claimed it actually hurts jobs and wages. Missouri minimum wage laws do not allow an employer to pay student workers a subminimum wage rate that is less than the standard minimum wage. Currently, Missouri's minimum wage is at $7.85 an hour. Bill to raise minimum wage to $15 an hour by 2024 passes House committee. Revised Statutes of Missouri, Missouri law . You are entitled to be paid the higher state minimum wage. January 1, 2023. If an employer chooses to pay employees minimum wage, the employer must pay those employees in accordance with the minimum wage law, either federal or state, that results in the employees being paid the higher wage. Missouri employers may want to review their existing wage schedules to identify any employees earning less than the $8.60 hourly minimum wage that will take effect on January 1, 2019. MO Statute 290.502(2), Missouri’s minimum wage for tipped employees is $5.15. DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. See MO Dept. Not a bad incentive for people to keep going into certain fields. 8:30-6.010. The review is conducted on September 30 of each year and the cost of living change is based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Starting on January 1, 2024, the minimum wage may increase or decrease each year depending on cost-of-living changes reflected in the Consumer Price Index for Urban Wage … Those will be phased in until 2025, by which time the Illinois minimum wage will reach $15/hour. Employment laws can change at a moments notice. of Labor: FAQ. Democrats in Congress introduced a bill in May that would raise the federal minimum wage to $15 per hour by 2024. The minimum wage will now rise each year until it reaches $12.00 per hour. The minimum wage in the United States is set by U.S. labor law and a range of state and local laws. Alaska's minimum wage rose on Jan. 1, 2019, to $9.89 an hour, after rising from $9.84 in 2018, because of a 2014 law that increases the minimum wage with inflation. Build a Morning News Brief: Easy, No Clutter, Free! 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