St. Louis Mayor Francis Slay on Thursday shared the details of his plan for raising the city’s minimum wage to $15 by 2020, which he contends is economically and morally just. Whether it’s legally feasible is another question.
A bill that would ban municipalities from raising minimum wages after Aug. 28, passed by the Missouri Legislature earlier this year, now sits the on Gov. Jay Nixon’s desk. But Slay and other backers of the St. Louis measure say there’s enough time to act.
Joined by city aldermen, activists and business owners Thursday, Slay presented his plan to boost pay for low-wage workers. It would gradually raise St. Louis’ minimum wage over time and would exempt businesses that either make less than $500,000 in gross sales or employ fewer than 15 workers.
Some business groups, including the Missouri Chamber of Commerce and Industry, have voiced opposition to minimum wage increases, saying they hurt small businesses and stunt job growth.