On Jan. 1, 2022 the state's minimum wage increases to $12 per hour. The rate will continue to increase on Jan. 1 each year until it hits $15 per hour on Jan. 1, 2025.
Minimum wage increases are more than keeping up with inflation. At $12 per hour and 6% inflation your cost of living increase is 72 cents but the minimum wage will go up a buck per year over next 3 years.
But they’ll argue $15 goal didn’t take high inflation into account. It’s a moving target. One we get to $15, they’ll make the same argument about $15 that they did about $8.
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.
Can’t get around the old minimum wage, Mortimer.
Minimum wage not keeping up with inflation complaints starting in 3,2,1…
Minimum wage increases are more than keeping up with inflation. At $12 per hour and 6% inflation your cost of living increase is 72 cents but the minimum wage will go up a buck per year over next 3 years.
But they’ll argue $15 goal didn’t take high inflation into account. It’s a moving target. One we get to $15, they’ll make the same argument about $15 that they did about $8.