Missouri voters overwhelmingly passed Proposition B to raise the state’s minimum wage to $12 an hour by the year 2023.

Proposition B will increase the state’s minimum wage from $7.85 to $8.60 an hour in 2019, and then by 85 cents each year until it reaches $12 an hour in 2023.

"According to an analysis conducted the Economic Policy Institute, Proposition B will result in an increase of more than $1 billion in consumer buying power in Missouri by the time it is fully phased in, affecting over 670,000 workers."