Show-Me State Times

Kevin Hampton of The Lipco Group has expressed concerns over the potential impact of Proposition A on businesses. The group, a significant player in the gift and souvenir industry, traces its roots back to Northern Wisconsin in 1964 and is currently based in Southwest Missouri.

Hampton highlights the upcoming changes posed by Proposition A, which mandates that starting on May 1, businesses provide paid sick leave to employees. By 2026, it plans to elevate Missouri's minimum wage to $15 per hour, with future increases tied to inflation rates.

Hampton states, "At Lipco, we value our employees and strive to pay competitive wages. In fact, nobody on our team makes minimum wage." He emphasizes that even during the peak of the COVID-19 pandemic, employees received their paychecks punctually, reflecting the company's commitment to its workforce.

However, Hampton reveals that payroll expenses have escalated significantly over the last decade, more than doubling in some instances. He warns that the full implementation of Proposition A could impede the ability of companies like Lipco to grant raises and might even jeopardize the survival of some businesses due to increasing operational costs.

"The Missouri Senate should pass HB 567," Hampton urged. According to him, this bill offers a practical solution for businesses grappling with Proposition A, recognizing the economic challenges faced by employers statewide.

Hampton acknowledges that Proposition A was approved by voters with positive intentions but cautions about its unintended consequences on the business community.

In conclusion, Hampton is advocating for Missourians to contact their legislators to support HB 567 to maintain the state’s competitiveness.