Chicago Moves Towards $15

At Wednesday’s City Council meeting, they turned up the political heat on Emanuel by introducing an ordinance that would phase in a requirement that Chicago businesses pay their employees $15 an hour.

Companies with more than $50 million in annual revenue would be required to pay $12.50 an hour within 90 days of passage and $15 an hour within a year.

Small- and medium-sized companies would have 15 months to get to $12 an hour, two years to pay $13 an hour, three years to reach $14 an hour and four years to get to $15 an hour. After that, Chicago’s minimum wage would rise annually to match the inflation rate.

For waitresses and other employees who rely on tips, the minimum wage would be 70 percent of the full minimum wage.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s