In utterly unsurprising news, the Missouri Chamber of Commerce opposes this tiny increase. "As the minimum wage increases, the ability of employers to continue to employ workers is damaged - hitting entry level jobs especially hard," says Missouri Chamber President Dan Mehan.
This incremental increase pales in comparison to the Harkin-Miller bill, a piece of legislation gaining momentum in Washington that would raise the federal minimum wage to $10.10 an hour. The Obama administration has signaled it would support the Harkin-Miller bill, also known as the Fair Minimum Wage Act. (The federal minimum wage hasn't increased since 2009.)
"After adjusting for inflation, the minimum wage today - $7.25 - is worth $2.00 less than in 1968, and is nowhere close to a living wage," concluded the nonpartisan Economic Policy Institute in a study earlier this year.