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| Economy |
| St. Louis minimum wage to drop from $10 to $7.70 an hour |
| 2017-07-08 |
| [St. Louis Post Dispatch] ST. LOUIS • The minimum wage in St. Louis will revert to $7.70 an hour on Aug. 28, with Gov. Eric Greitens announcing on Friday that he will allow a bill blocking the city’s increase to become law without his signature. When the Legislature sends the governor a bill, he has several options. He can sign it, veto it or take the middle course -- without action before a constitutional deadline, the bill automatically takes effect. The bill in question bans local minimum wages, requiring all cities and municipalities in Missouri to stick to the statewide standard. Minimum wage workers in St. Louis are making $10 an hour after winning a two-year legal fight against business groups who challenged a 2015 city ordinance authorizing an increase. Under that city law, the wage was set to rise again in January to $11 an hour, then increase annually with inflation. "It will kill jobs," Greitens said of the increase. "And despite what you hear from liberals, it will take money out of people’s pockets." Both workers and businesses alike now face a jarring change ahead. It’s unclear whether many businesses as of Aug. 28 will seek to reduce pay to employees who have recently received increases. It’s a situation the Missouri House had sought to avoid by fast-tracking its version of the bill to the Senate in March, in the hopes it could be signed into law before a court’s injunction on the increase was lifted in St. Louis. But the Senate didn’t take up the bill until the final hours of the 2017 legislative session. |
| Posted by:Besoeker |
| #2 Wow! Who saw that coming? |
| Posted by: Skidmark 2017-07-08 10:03 |
| #1 Someone in Jefferson City understands economics? (which by the way, your capital name is 'triggering', ever think of changing it? - do I need to put a /sarc on that?) |
| Posted by: Procopius2k 2017-07-08 09:14 |