-- Connecting the dots between our economy, government and business --
Mayor Lori Lightfoot’s plan to raise Chicago’s minimum wage to $15-an-hour by 2021, but maintain a “sub-minimum wage” for tipped workers, cleared a key legislative hurdle on Monday to cheers from restaurant owners.
That’s not good enough to satisfy Ald. Carlos Ramirez-Rosa (35th). He argued again Monday that eliminating the “sub-minimum wage” and phasing in a $15-an-hour wage for all workers was imperative to “reduce workplace sexual harassment” and eradicate a two-tiered system that “leaves black and Latino women in the service industry behind.”
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
Raise the cost of something and less of it will be demanded in a market.
Anyone who thinks raising the minimum wage to $15 won’t reduce low-skilled employment (jobs) should try to explain why they stop at $15. Why not $30? Or $60/hr? What’s the magic number? All this is doing is pushing more and more labor to robotics.