A Primer On Missouri Minimum Wage Increases

A Primer On Missouri Minimum Wage Increases
Small business employers and their employees should be aware of the minimum wage requirements in Missouri.
by Meredith Galante Nov 06, 2023 — 1 min read
A Primer On Missouri Minimum Wage Increases

Small-business owners across the country are adapting to the new minimum wage laws. If you’re an employer in Missouri, it’s important to stay up to date on Missouri minimum wage laws to ensure the financial health of your business. We’re here to help with our guide.

What is the minimum wage in Missouri in 2024?

Missouri minimum wages have increased since 2019 and are scheduled to increase in 2024 to $12.30 per hour, $5.05 higher than the federal minimum wage.

 

There are some minimum wage exemptions for certain industries and employees:

Some employees who are exempt from this minimum wage rate include:

 

Learn how to formalize and grow your business. Check out the Employer Launchpad.

How should small-business owners prepare for potential changes to the minimum wage in 2024?

The Missouri minimum wage increase will go into effect on January 1, 2024. Square has plenty of employer resources to help you navigate these changes. Here are some to help you get started right away.

As always, to make sure your business is prepared and stays in compliance, you should discuss Missouri’s minimum wage laws with your accountant and lawyer.

Meredith Galante
Meredith Galante is a freelancer writer based in New York City. She's been writing for Square since 2017 where she's covered everything from the best software for restaurants to use to maximize profit, minimum wage laws across the country, and tips for entrepreneurs to maximize their impact.

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