federal minimum wage

Business
11:25 am
Sat July 19, 2014

States That Raised Minimum Wage See Faster Job Growth, Report Says

Seattle Mayor Ed Murray (right) and Seattle City Council President Tim Burgess cut a cake to celebrate city's raised minimum wage.
Ted S. Warren AP

Originally published on Sat July 19, 2014 5:42 pm

New data released by the Department of Labor suggests that raising the minimum wage in some states might have spurred job growth, contrary to what critics said would happen.

In a report on Friday, the 13 states that raised their minimum wages on Jan. 1 have added jobs at a faster pace than those that did not. The data run counter to a Congressional Budget Office report in February that said raising the minimum wage to $10.10 an hour, as the White House supports, would cost 500,000 jobs.

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Business
7:28 am
Wed November 14, 2012

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

stopnlook FLICKR

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.

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