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Mo. minimum wage to rise to $7.35 an hour in 2013

Wednesday, November 14, 2012

JEFFERSON CITY, Mo. -- Missouri's minimum wage will rise by a dime to $7.35 an hour in 2013.

For the past several years, Missouri has followed the federal minimum wage of $7.25 an hour. That's because the federal rate was equal to or greater than the state's minimum, which is adjusted annually based on the cost of living. But inflation has now pushed Missouri's minimum wage above the federal standard. The new wage is posted on the website of the state labor department. The Missouri Chamber of Commerce and Industry expressed concern Tuesday that Missouri's new minimum wage could put it at a competitive disadvantage. It said Illinois will be the only neighboring state with a higher minimum wage than Missouri. The chamber wants legislators to repeal the automatic inflationary adjustment to Missouri's wage.

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This law was passed by the voters in November of 2006. This law has an escalator factor in it if the CPI (Consumer Price Index) rises so will the State Minimum Wage under the current law. This was spelled out in black and white on the ballot that November of 2006. This is not our elected leaders that passed this law it was the majority of "we the people".

-- Posted by swampeastmissouri on Tue, Nov 13, 2012, at 7:37 PM

Coconut is right. Prices will go up in stores/restaurants that employee minimum wage people or they will trim the cost by eliminating jobs.

The company I worked for in 2006 let the only min wage person go just before the wage went up.

-- Posted by TheOneDude on Tue, Nov 13, 2012, at 8:52 PM

Those making minimum wage fulltime earn $15,000 a year. What does that mean? It means we the taxpayer pay their Medicaid coverage, food stamps, and school food program. Who do you think should pay the employee - taxpayers or employer.

Besides, when others who make much more than minimum get a larger pay raise, prices really go up. The poor person making minimum is then further behind the eight ball ( and we pay higher taxes to support them).

-- Posted by MartyWalsh on Tue, Nov 13, 2012, at 10:32 PM

The minimum wage going up along with Obamacare kicking in January 1 2014 we should be doing just great in 2013 with everybody having a job employers will be hiring all over the country jobs, jobs, and more jobs you believe that you'll believe anything. Lay offs are already starting and will continue to increase even more as we get in to 2013. Man, we sure will be creating a lot of jobs won't we.

-- Posted by swampeastmissouri on Wed, Nov 14, 2012, at 5:07 AM

Costs ,read Obamacare, will increase causing margins to shrink. Business has no choice but to increase their pricing to attempt to maintain margins. As prices increase this causes inflation which pushes CPI up. This triggers higher minimum wages, and the cycle repeats itself until businesses fail which increases unemployment.

Restaurants, in particular, work on very thin margins.

This will not help the economy.

Yes, this law was a ballot issue in 2006, I take exception with it being ok because "a majority of the people" vote for it. This is probably the same "majority" that vote for other bad ideas. Ex- what happened on Nov 6.

-- Posted by variable on Wed, Nov 14, 2012, at 8:39 AM

People this is ten cents an hour. $4 per week for someone working 40 hours. I don't think businesses will be closing down and firing people over ten cents. The added money from an increase in the minimum wage also creates added demand, which in turn helps the economy.

-- Posted by jswonger on Wed, Nov 14, 2012, at 10:40 AM

Minimum wage is designed for entry level workers. It is designed for teenagers and their first job. A worker should get a raise because he earns it, not because it was voted on 6 years ago. The argument at the time was that nobody can live on minimum wage. They weren't supposed too. They were supposed to learn the job, show up everyday, and get a raise based on merit. Perhaps it's time to rethink the automatic raise to minimum wage.

-- Posted by suefrommo on Wed, Nov 14, 2012, at 11:40 AM

SUEFROMMO, what decade are you living in? Many employers never pay more than minimum! I would also argue what minimum wage was designed for.

-- Posted by GREYWOLF on Thu, Nov 15, 2012, at 9:35 AM

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