The unstated assumption of the Chicago leadership is that even though their fair city is heading for 800 murders this year, it can be ignored because virtually all were on the South or West Sides, the vast portion were drug or gang related, and the radical groups won’t make a peep about this mass crime as long as a cop wasn’t involved. So the police are effectively told to stand back, stand down. Now, its spreading to the Loop and Magnificent Mile, where it can’t be ignored and where the merchants, tourist based businesses and most importantly from the standpoint of the “leadership”, the tax paying base will suffer.
This will drive even more businesses to move out of Illinois.
Saturday, October 22, 2016
CHICAGO COOK COUNTY Commish alerts biz owners to possible mandated 58% pay hike for employees
Businesses were not informed of this huge cost increase nor did they have an opportunity to prepare or budget for it. With their yearly budgets already set, they will now be forced to increase their staff salaries by 27% literally overnight and 58% over the next 20 months ~ Commissioner Morrison
By Cook Co Commissioner Sean Morrison -
On October 5, certain commissioners introduced a Minimum Wage Increase Ordinance for all Cook County businesses with a vote scheduled for October 25. This quick action leaves local businesses with only a few days to analyze the financial impact and assess their ability to cover this immense and unexpected new cost.
Businesses were not informed of this huge cost increase nor did they have an opportunity to prepare or budget for it. With their yearly budgets already set, they will now be forced to increase their staff salaries by 27% literally overnight and 58% over the next 20 months. This massive wage increase will undoubtedly create a substantial financial disadvantage for Cook County businesses and will hurt the extensive efforts by suburban municipalities to attract new businesses, create new economic development opportunities and grow jobs.
Recent actions by the Cook County Board to pile on a massive Minimum Wage Hike, an expensive Paid Sick Leave regulation and a costly Beverage Tax all at once will be devastating to our local economy and will no doubt shutter the doors of many businesses along with the loss of numerous jobs for our hardworking residents. All of this excessive government regulation thrown onto small businesses is a formula for economic disaster.