Think you want to vote yes for Proposition B, but still have a few questions? Find answers below!
- Who are the workers that make minimum wage?
Minimum wage workers include health care workers, classroom aides, janitors, and servers at restaurants… hardworking people who put in an honest day’s work but struggle to get by.
Prop B will impact over 677,000 Missourians. These workers include almost 170,000 working parents and over 100,000 seniors and near retirees, impacting over 260,000 Missouri children.
- How does a minimum wage increase affect small businesses?
Over 400 small business owners all across Missouri are supporting passage of Proposition B.
When a minimum wage worker gets a small raise, they spend that money locally, putting money directly into communities and the local economy.
In fact, 29 other states have increased their minimum wage and in each one, unemployment went down and incomes went up.
- How does a minimum wage increase affect prices?
Corporations have been increasing the cost of food, gas, health care, and other basics for years. The minimum wage has had nothing to do with.
Raising the minimum wage is a tested solution: in states and counties that have increased their minimum wage, neither job losses nor price increases have been found.
- Will increasing the minimum wage impact rural areas differently than urban and suburban communities?
By 2023, nearly a quarter of Missouri’s workforce will see a raise as a result of Proposition B.
Many of Missouri’s rural areas will see more than 30 percent of their workers positively impacted. People living and working in every county of Missouri are falling behind. Prop B has the potential to strengthen all Missouri communities.
- Will raising the minimum wage have an effect on taxes and taxpayers?
Because people who earn minimum wage are those most likely to spend their income and spend it with local, small business for basics like food and clothing, it is estimated by the state of Missouri that state and local government tax revenue could increase as much as $214 million dollars.
Proposition B will help workers become more self-reliant and reduce the amount of taxpayer assistance they need. In fact, this initiative could reduce the number of workers getting public assistance welfare by 10 percent.
Additionally, the extra money spent by low-wage workers gets funneled back to businesses large and small that need to hire more workers to keep up with the increased demand, creating economic growth. That’s great for those businesses and it’s great for Missouri taxpayers.