Representatives of several small businesses in downtown Columbia reacted positively Wednesday to the passage of measure that will increase Missouri’s minimum wage to $12 per hour by 2023.
That gradual process starts Jan. 1, when the state’s minimum wage increases to $8.60 from the current $7.85. After that, the wage floor will rise 85 cents per year until 2023.
The change will affect more than 670,000 workers in the state, according to the Economic Policy Institute, and increase consumer buying power in the state by more than $1 billion.
Out of 10 businesses contacted by the Columbia Missourian on Wednesday, only two said they were not in favor of the wage increase.
Read more: Columbia Missourian