Minimum Wage Increases In Arkansas & Missouri

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A new year means a new paycheck for a number of Americans. Missouri and Arkansas are among more than 20 states raising the minimum wage on New Year’s Day. In November, Missourians voted to raise the minimum wage to $12 an hour by 2023. The Economic Policy Institute estimates about 677,000 Missouri workers will get a raise, but the Show-Me Institute predicts the state could lose 11,000 jobs as a result of the increase. In Arkansas the minimum wage will go up by 75 cents each January until it reaches $11 an hour in the year 2021.