The Missouri Department of Labor and Industrial Relations announces the state minimum wage rate for 2024 has been established, according to state law, at $12.30 per hour, effective January 1, 2024.

Pursuant to Proposition B, which was approved by Missouri voters on November 6, 2018, the minimum wage increased 85 cents per hour each year through 2023. 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.

At a minimum, all private businesses are required to pay the $12.30 hourly rate, except retail and service businesses whose gross annual sales are less than $500,000. Missouri's minimum wage law does not apply to public employers, nor does it allow the state's minimum wage rate to be lower than the federal minimum wage rate.

Compensation for tipped employees must also total at least $12.30 per hour. Employers are required to pay tipped employees at least 50 percent of the minimum wage, plus any amount necessary to bring the employee’s total compensation to a minimum of $12.30 per hour.

To learn more about the minimum wage and to download a copy of the updated poster, visit labor.mo.gov/dls/minimum-wage.

Additionally, a printable version of the poster along with other required posters for businesses can be found at labor.mo.gov/posters.

KPGZ News - Brian Watts contributed to this story