AUGUST 23, 2006 - Posted at 3:53 p.m. CDT
JEFFERSON CITY, Mo. (AP) - A battle of economists is brewing
over the ballot proposal to raise Missouri's minimum wage.
Voters will decide this November whether to increase Missouri's
minimum wage to six-dollars-and-50 cents an hour, instead of the
current federal minimum of five-dollars-and-15 cents.
Opponents of the measure today released a study by a Florida
State University economist suggesting the wage increase would
affect about 77-thousand Missourians but result in the layoffs of
more than 15-hundred people. He says it would cost businesses 44
(m) million dollars a year.
But supporters countered with academic experts from Florida and
Wisconsin, who said minimum wage raises there have had no negative
effect on employment.
Supporters claim the wage increase could affect 256-thousand