Minimum Wage Hike Debate

1 decade 1 year 11 months ago Friday, October 13 2006 Oct 13, 2006 Friday, October 13, 2006 8:37:00 PM CDT October 13, 2006 in News

However, that prospect worries at least one local small business owner.

John Fonville started Shalom Christian Academy School and Daycare four years ago.

"When it pertains to the income or the financial part of your business, you have to pay attention and know what's going on," he said.

Supporters of the wage hike hope it will boost the local economy.

"You are going to see an increase in general revenue off of income tax of anywhere from $2.3 million-$4.3 million," said Ron Berry of the Missouri Progressive Vote Coalition. "So that immediately is going to be an impact on the state's economy."

But, Fonville called the proposed increase inflationary because it's too much at one time.

"I wish they hadn't of waited too long to do that and then make such a big jump," he explained. "You know, if it had gone up gradually in increments that would have been a lot better."

If Proposition B passes, Missouri's new minimum wage will take effect Jan. 1, 2007.

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