ST. LOUIS, MO (KPLR)- A big vote on minimum wage will take place Friday at City Hall. Aldermen are set to vote on a compromise plan to raise the minimum wage to $11 an hour by 2018.
Supporters say it will give minimum wage workers more spending power. Critics warn this could be bad for business, discouraging new ones, and encouraging current ones to head to the county. At a special meeting on Tuesday, the alderman went back and forth for hours. Right now, minimum wage in St. Louis is the same as in Missouri: $7.65 an hour.
The version of the bill being considered today raises that to $8.25 as soon as it`s passed and the wage increases over the next few years, until it hits $11 an hour in January 2018.
Although it looks different from the original bill proposed by Alderman Shane Cohn, everyone is still not on board. There`s division even among the democrats.
Alderman Antonio French opposes the bill, arguing it could send the already few jobs that exist in the city out to St. Louis County. French says we just need more information.
Unlike some other cities, St. Louis has not formally studied how increasing minimum wage impact the local economy. Supporters say passing the bill means more money in people`s pockets, which they feel could entice more businesses.