CHICAGO (CBS) — Business groups fought Wednesday in Springfield for a proposal to raise Illinois' minimum wage to $15. The bill before a legislative committee would raise the minimum wage to $15 by the year 2022, but Rob Karr, President and CEO of ...and more »
March 15, 2017 1:30 PM
Filed Under: $15-an-hour minimum wage, Craig Dellimore, Illinois Retail Merchants Association, minimum wage
CHICAGO (CBS) â€” Business groups fought Wednesday in Springfield for a proposal to raise Illinoisâ€™ minimum wage to $15.
The bill before a legislative committee would raise the minimum wage to $15 by the year 2022, but Rob Karr, President and CEO of Illinois Retail Merchants Association said businesses are already hurting from the previous wage increases. WBBMâ€™s Political Editor Craig Dellimore reports.
â€œWeâ€™re getting calls from businesses repeatedly, that they are seeing their bottom line increases right now, 25 to 30 percent higher than the same time last year,â€ Carp said. â€œAnd the city has only gone to 11. The county has not even started their increase yet.â€
Backers said there would be a tax credit to help small businesses recoup the cost of the wage hike, but Karr dismisses that.
â€œThe tax credit is so complicated, so limited that no it will not have much marginal impact at all, especially when you are going to something as high as $15,â€ Karr said.
Karrâ€™s discounting claims the $15 wage adopted in New York City and San Francisco is not hurting business there.
â€œI think it is going to be a tough sell,â€ Karr said. â€œBut I think it is important to know, none of those jurisdictions actually achieved $15 yet. They are already experiencing negative economic consequences for their decisions. They are not even close to $15 yet and they have done that.â€
Advocates for the higher wage insists big businesses can afford it and low wageworkers need it. Proponents said workers could not really live on wages lower than $15.
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