Posted on 12/02/2014 10:45:53 AM PST by tcrlaf
The Chicago City Council voted 44-5 Tuesday to increase the minimum wage. Chicago’s minimum wage workers will see their first increase next July, when the rate increase to $10 an hour from the current statewide hourly rate of $8.25.
It then will increase by 50 cents in July 2016 and another 50 cents in July 2017. The minimum wage would go up $1 in July 2018 and $1 in July 2019 to reach $13 an hour.
(Excerpt) Read more at wgntv.com ...
How many politically-motivated "Exemptions" will get issued for this, to buy 2016 support??
It wasn't that long ago that the Groupon and the Chicago Board of Trade were threatening to move to Indiana, because of the Illinois Income tax hikes, until they got exempted from them.
Chicago will be BK soon, anyway : )
Good!
This will be a great experiment. I look forward to it.
These gradual increases make it hard to judge the effect, or am I wrong on that?
“Good! This will be a great experiment. I look forward to it.”
The experiment is already going on in Seattle, and by all reports, it is a disaster, with small businesses closing, and moving out of the city.
Seattle Suburb’s Minimum Wage Hike Poised for Epic Fail
http://www.newsiosity.com/articles/politics/seattle-suburb%E2%80%99s-minimum-wage-hike-poised-epic-fail
Several more good reasons to not live in Chicago.
Let’s set the minimum wage at $20 already like the Socialist Party demands.
Don’t be shy Chicago; c’mon, you can do it!
Make it $500 an hour. That way people will only need to work a few hours a week and employers will be forced to hire more workers.
More pay and more jobs! Win-win!
Chicago like Seattle will follow in the footsteps of Detroit. Businesses will flee and others will look elsewhere. There will be fewer businesses and less employment.
Those who are beating the drum of the $15 minimum are dupes to a manipulative mind game played out by the unions. The unions are expecting to benefit from a wage increase if it passes.
Those hoping to benefit from increases wages will discover that increases in the cost of living will eat up their gains and find their hours cut and their jobs gone. Their reward for pushing the anti-free market screed will be spinning in the wind of unemployment.
The unions have evolved into exploitative shake down racketeers who oppose Capitalism and embrace Marxism. Their use for working Americans has long gone and they operate on a past success which reestablished the value of the human element when automation took manufacturing away from the value of the human element. That past success would have happened without the unions and has no relevance in today’s working environment where the information age puts employers in a competitive market for workers. That past success mythology is used to pump up union importance when their only purpose is to exploit the public and line their pockets with union dues.
See, Walmart, aren’t you happy that they didn’t let you in?
Why not $1,396.35 per hour? That’s what they pay in Zimbabwe.
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