Illinois’ employers will be dipping deeper into available resources this year to meet new starting salary requirements for 2020 on the way up to $15 per hour in a few years.
As reported by The Center Square
The state’s minimum wage is on its way to $15 an hour by 2025. Beginning on New Year’s Day, the minimum wage goes up from $8.25 to $9.25 an hour. There will be a second increase to $10 an hour on July 1, 2020. Then $1 more per year until the minimum wage hits $15 an hour.
A Downstate Illinois lawmaker said while the hike may be good for employees, the difference will make it harder on businesses sitting on the state’s borders.
“It puts us at a disadvantage to all our neighboring states that have minimum wages that are going to be much less than that,” [State Rep. Brad] Halbrook said.
Indiana, Iowa, Kentucky and Wisconsin all have a $7.25 minimum wage. Missouri’s is $8.25.
The question remains how much the cost of the starting pay hike will have on local taxpayers, because public schools and nonprofit groups will have to increase spending to cover the wage increases.
More at The Center Square