In case you missed any of Missouri’s biggest business stories this week, here’s a rundown of the top news from the five days gone by:
Wage decision makes waves
The Missouri Supreme Court ruled that St. Louis can raise its minimum wage to $11 an hour by 2018, setting off ripples across the state. In St. Louis, business owners scrambled to prepare for a future with higher wages. In Kansas City, backers of a proposed minimum wage increase expressed hope that the court’s decision would set a precedent for future wage fights. But in Jefferson City, legislation surfaced that would prevent Kansas City from introducing a minimum wage higher than the state’s.
Workplace discrimination bill advances
Legislation that would make it more difficult for employees to sue for workplace discrimination took a big step forward. A week that saw a lengthy filibuster by the Missouri Senate’s Democratic minority ended with the Senate approving a bill to raise the standard for proving that factors like race, religion and age factored into an employee’s dismissal. The measure now moves to the House.
Defense budget for Boeing?
A Boeing fighter jet made in St. Louis County could be one the of the first beneficiaries of President Donald Trump’s proposed increase in defense spending. Trump’s planned $30 billion amendment to this year’s budget could include the Boeing F/A-18 Super Hornet, according to Pentagon officials. Until recently, the Super Hornet had appeared doomed.
RadioShack reboot on brink of bankruptcy
A joint venture between Sprint and RadioShack’s former owners to save the struggling electronics retailer may prove short-lived. The venture, General Wireless Operations, is preparing to file for bankruptcy, Bloomberg reported, citing people familiar with the matter. RadioShack filed for bankruptcy in 2015, but Sprint, the Overland Park, Kansas-based telecom company, attempted to help revive the retailer with co-branded locations.
We’re No. 37!
Missouri drew poor marks for crime, economy and transportation, checking in at 37th in the inaugural “Best States” ranking issued this week by U.S. News and World Report. The report graded all 50 states on a variety of criteria, from education to health care to the economy. The Show-Me State earned its highest marks for the government’s use of technology and high school graduation rate.
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