St. Louis economic development agency to study impact of minimum wage hike

The St. Louis Development Corporation, the economic development arm for the city of St. Louis, will conduct a study into the potential impact of the minimum wage increase approved in August by the St. Louis Board of Aldermen.

Some wanted the study to take place before aldermen voted, but backers of the wage increase said there wasn’t enough time for that before the Aug. 28 state legislative deadline for the increase. Aldermen wound up approving a plan to hike the minimum wage to $8.25 on Oct. 15 and gradually increase it to $11 by 2018.

Otis Williams, the executive director of SLDC, said the study would capture data to measure how many businesses and jobs are impacted.

The minimum wage boost is currently being challenged in state court.

 

Read more from the St. Louis Post-Dispatch


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