Minimum Wage Increase on The Horizon
With the New Year fast approaching, so is the Missouri State Minimum Wage Increase. Effective January 1st. 2022, the state minimum wage will increase from $10.30 to $11.15. But what does this mean for the economy? What about workers? Economic Development Director from Lebanon-REDI Brian Thompson says that when an increase like this happens, it’s a two-way street.
If you own a small business, however, the same rules might not apply to you.
A minimum wage increase to $12.00 is planned for January 2023.