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.