Those who are making minimum wage in Missouri will have more buying power beginning on January 1st. On that date, the minimum wage in Missouri will increase from $8.60 per hour to $9.45 per hour. That translates to an extra 34-dollars per week for someone working a 40-hour week, minimum wage job. The minimum wage increase is part of Proposition B, that was approved by a large majority of voters in November 2016. Brian Thompson, with Lebanon Regional Economic Development, says that bill will raise the minimum wage to 12-dollars per hour by 2023. There has been a move by legislators to overturn Proposition B, and Thompson says that move could continue in the upcoming legislative session. Proposition B also provides for a cost-of-living adjustment each year, beginning on January 1st, 2024. For those making minimum wage, and working 40-hours per week, that translates to an extra 1,768 dollars per year.