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A city ordinance that went into effect last July “has transformed the lives of so many people. It re-affirms that everyone in Chicago gets to earn a fair wage,” Johnson said at a news conference at TNT Rooftop Restaurant in Austin. “We’re not going to turn back. We’re going to continue to raise the wage of workers.”
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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It’ll be fueling something.
“But the Illinois Restaurant Association said the industry has lost 5,200 jobs in Chicago from July 1, 2024 through Dec. 1, 2024, citing data from the U.S. Bureau of Labor Statistics.”
He certainly transformed the lives of all those who used to work at Chicago restaurants. Probably transformed the lives of a few restaurant suppliers too.
Mayor Cliff Notes has never held a job of responsibility in his unaccomplished life, until now. Mayor Notes has no idea the real-world consequences of his socialist policies. Will these same huggy purple-shirts still embrace Mayor Notes when their employer shuts down and their wage goes to zero?
“Will these same huggy purple-shirts still embrace Mayor Notes when their employer shuts down and their wage goes to zero?”
That becomes their new minimum wage.
Maximum wage too.
When the business closes, all employee wages drop to zero. Can anyone point to where Chicago’s economy is growing? We see the ‘For Lease’ signs all over the city…
Well JB, just keep raising it and we’ll all be rich.
As the one purple clad lady explained, it is nice that restaurant workers should be able to afford to dine out, a stretch for most people these days. Unfortunately in the aftermath, people that work 12 hours a week at Taco Bell also think that they should drive BMWs, have a 300 K house in a nice neighborhood and four weeks paid vacation a year in addition to comprehensive health care.