This proposal, which will be reviewed by the Board of Aldermen, would immediate increase the minimum wage to $10. Then, every year it would increase by $1.25 until it reaches $15 by the year 2020. Small business who employ 15 people or less would be exempt.
Supporters say this would be an economic boost for the city and its residents, helping to alleviate poverty. But some worry the minimum wage increase, on top of the city`s 1 percent earnings tax, could incentivize businesses to leave downtown. This is because the increase only applies to the City of St. Louis, not the county.
It`s a progressive proposal that echoes recent wage increases in other cities. Seattle approved an increase that will reach $15 per hour. San Fransisco and Chicago have also increased the minimum wage in their cities.