Chicago New Minimum Wage
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By 2019 the minimum wage in the
city of Chicago will be raised to $13.00 per hour.
On 2 December 2014 the Chicago City Council approved
a measure to increase the minimum wage from the current
state minjimum wage of $8.25 to $13.00 by 2019.
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The first increase will come in July 2015 when the rate is
raised to $10.00.
In 2017 it will be raised to $11.00 and by 2019 it
will be raised to $13.00.
After 2019 raises in the minimum wage will be tied to
the inflation rate.
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The ordinance
also proposes that the
tipped minimum wage
in Chicago increase by $1 over two years from the current
state minimum of $4.95 to $5.45 as of July 1, 2015 and $5.95
as of July 1, 2016, and be indexed to inflation every July 1
going forward.
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This measure
will impact the over 400,000 minimum wage employees in the
city of Chicago.
It will also impact many businesses that rely on
entry level employees.
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See states minimum wage matrix.
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Sources:
City of Chicago Minimum Wage Ordnance
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By Jack
Rivers
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