Missouri Business for a Fair Minimum Wage Sign On Statement

BUSINESS PEOPLE SIGN ON HERE. As business owners and executives, we support gradually raising Missouri’s minimum wage because it’s good for business, customers and our local economy. Today’s minimum wage, about $16,000 a year for Missourians working full time, is inadequate. It has less buying power than the minimum wage in the 1960s.

Workers are also customers. Raising the minimum wage will boost sales as Missouri workers have more money to spend at local businesses. And nothing drives job creation more than consumer demand.

Raising Missouri’s minimum wage makes good business sense. Low pay typically means high turnover. Raising the minimum wage pays off in lower employee turnover, reduced hiring and training costs, lower error and accident rates, increased productivity and better customer service. Employees often make the difference between repeat customers or lost customers.

Raising the minimum wage will strengthen Missouri’s economy. It will reduce the strain on the safety net caused by inadequate wages that are too low to live on and will help level the playing field for businesses.

We support the initiative to gradually increase Missouri’s minimum wage from $7.85 an hour in 2018 to $8.60 in 2019 and then by 85 cents a year until it reaches $12 in 2023, followed by annual adjustments to keep pace with the cost of living.

MISSOURI BUSINESS PEOPLE PLEASE CLICK HERE TO SIGN THE STATEMENT

If you are not a business person, please visit our partner Raise Up Missouri.

Paid for by Raise Up Missouri, Lew Prince, Treasurer, 2725 Clifton, St. Louis, MO 63139

Share +