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Missouri's Minimum Wage to Rise

The Missouri Department of Labor has set next year's minimum wage at $7.50 an hour, which includes a cost-of-livng increase over the current wage.  This increase is the result of a 2006 ballot measure approved by Missouri voters, which requires the state's minimum wage to be adjusted annually based on changes in the Consumer Price Index (CPI).  The increase makes Missouri's new minimum wage ratge 25 cents higher than the federal average, which is $7.25 an hour.