Chicago APPROVES Minimum Wage Increases

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By a 44-5 vote, Chicago’s City Council set a minimum-wage target of $13 an hour, to be reached by the middle of 2019. The move comes after Illinois passed a nonbinding advisory last month that calls for the state to raise its minimum pay level to $10 by the start of next year.

The current minimum wage in Chicago and the rest of Illinois is $8.25.

Under the ordinance, the city’s minimum wage will rise to $10 by next July and go up in increments each summer thereafter.

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.

After that, annual increases would be pegged to the local consumer price index, with a limit of 2.5 percent, if the unemployment rate stays below 8.5 percent.

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