St. Louis will drop minimum wage from $10 to $7.70.

[Rab]

People don't realize that by paying people a decent wage they will spend it and generate more business and jobs, far more than the wealthy that tend to spend far less as a percentage of their own earnings

https://www.youtube.com/watch?v=8wAa9DqHZtM - Asher Edelman (Concept: Velocity of money)