We urge Mayor Emanuel and the Chicago City Council to raise the minimum wage to $15 an hour, phased in over a few years to help local and small businesses adjust, creating thousands of new jobs and infusing millions of dollars into the city's economy.
Why is this important?
Former Labor Secretary Robert Reich has been making the case for a $15 minimum wage, and I agree with him. He argues that businesses will see more customers and workers will have more money in their pocket.
A new study from Raise Chicago shows how a $15 minimum wage would boost our city’s economy. It would raise overall wages in Chicago by as much as $1.5 billion, create 5,300 new jobs and $43 million in new tax revenue, and even reduce job turnover. Our plan would phase in the increase over a few years, giving our local and small businesses time to adjust.