Over the last several years, the minimum wage has been a consistent topic of discussion as many states have increased theirs to keep up with the rapid cost of living in the Untied States. Employees generally feel they should be compensated better than the bare minimum and be able to support their families.
With inflation and the cost of living rising each day, increasing the minimum wage would be the logical answer. But in St.Louis, MO they are deciding to lower minimum wage from $10 an hour to $7.70.
Eric Greitens, Missouri’s governor believes lowering the minimum wage makes sense and is the smart economical choice.
“This increase in the minimum wage might read pretty on paper, but it doesn’t work in practice,” he told the St. Louis Post-Dispatch. “Government imposes an arbitrary wage, and small businesses either have to cut people’s hours or let them go.”