Missouri voters approve minimum wage increase

Missouri voters approve minimum wage increase	 	 	 			Getty Images

Missouri voters approve minimum wage increase Getty Images

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Voters in Missouri approved a minimum wage hike of their own on Tuesday, passing a ballot measure raising it to $12 by 2023. In Arkansas, 68 percent of voters supported a measure that will raise the state minimum wage to $11 per hour in 2021 from its current value of $8.50.

Minimum wage workers in Missouri AND Arkansas, should be expecting larger paychecks starting next year.

Arkansas minimum wage goes to $9.25 an hour January first, then rises to $11 an hour by 2021.

24/7 Wall St. reviewed federal labor law posting service LaborLawCenter, labor law compliance service GovDocs, employee advocacy group National Employment Law Project, and various news outlets to determine the states that will raise the minimum wage in 2019.

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The chamber argued that the wage hike would raise prices on consumers and force business owners to cut workers' hours. Missouri voters also approved a measure that will increase their state's minimum wage to $12 an hour by 2023. The legal minimum wage will rise to $9.25 an hour on January 1, $10 a year later and $11 the year after that.

Pay for the top 1 percent of American workers has soared, however. The difference is even more striking when examining pay growth since the late 1970s: The top 1 percent's income has surged more than 157 percent, or about 7 times more than that of the bottom 90 percent. Neither measure will affect restaurant workers, such as servers, who receive the tipped minimum wage (in Missouri, the tipped minimum is $3.92 per hour; in Arkansas, it's $2.63), though it will certainly effect low-wage workers, including many in the fast-food industry who have been vocal about the need for a living wage.

In light of the election, 24/7 Wall St. compiled a list of the 20 states that have confirmed increases to their minimum wage in 2019. Currently, 29 states and Washington, D.C., have higher minimum wages than the federal rate, according to EPI.

Last year, 18 states increased their minimum wage. "It's time for a modest increase in LA!"

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