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Chicago City Council Chooses Suicide By Minimum Wage
Investors.com ^ | December 4, 2014 | IBD Editorial

Posted on 12/04/2014 3:49:47 PM PST by jazusamo

Fiscal Policy: A city teetering on the brink of insolvency passes a minimum wage that would reach $13 by 2019, higher than the minimum elsewhere in a state that just elected a Republican governor. What could go wrong?

Ignoring the first rule of holes (when you're in one, stop digging), the Chicago City Council, in a Tuesday emergency session called by Mayor and former White House chief of staff Rahm Emanuel, voted 44-5 to raise the city's minimum wage from the current statewide level of $8.25 an hour to $10 on July 1, with future increases bringing it to $13 by 2019. After that, it will be pegged to inflation.

What's the emergency? Emanuel wanted to jump the gun on any minimum-wage bill that might come out of the state legislature in Springfield, particularly after the election of Republican Bruce Rauner as governor. Such legislation is said to bar cities from raising their minimums above the state's. Rauner has said that any minimum-wage increases should be part of a package that promotes growth without reducing competitiveness.

"Raising the minimum wage doesn't help somebody (who is) unemployed, and it doesn't help somebody who's employed and who could get unemployed because of the lack of competitiveness that raising the minimum wage could engender," Rauner said.

(Excerpt) Read more at news.investors.com ...


TOPICS: Culture/Society; Editorial; Government; News/Current Events; US: Illinois
KEYWORDS: chicago; chicagoway; emanuel; ibd; liberals; minimumwage; rahmbo; rahmemanuel; socialism
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Liberals and socialists will never learn and Emanuel is a prime example.
1 posted on 12/04/2014 3:49:47 PM PST by jazusamo
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To: jazusamo

Chicago is a heavily unionized city and union contracts escalate with the minimum wage. Not ‘unexpected’ at all.


2 posted on 12/04/2014 3:52:02 PM PST by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: jazusamo

Rahm Emmanuel is the reason we are having such protests...remember his infamous statement ‘never let a crisis go to waste’.


3 posted on 12/04/2014 3:52:29 PM PST by Kackikat
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To: jazusamo

It’s not for 5 years....lol. I swear they are so dumb. By then 13 dollars will equal 7.25. If they were serious, they would have it start in January.


4 posted on 12/04/2014 3:53:17 PM PST by napscoordinator (President Walker is our future President! Ted Cruz is the Senate Majority Leader in the future!)
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To: jazusamo

With the high cost of Living nowadays, why not make it an even $50K per Year??


5 posted on 12/04/2014 3:55:26 PM PST by eyeamok
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To: jazusamo

$10 on July 1st? That’s racist! It should be $25!


6 posted on 12/04/2014 3:56:18 PM PST by Veggie Todd (The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. TJ)
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To: jazusamo
This is great news. Why don't conservatives make the argument to abolish the minimum-wage at the federal level then? If hell-holes like Chicago want to raise the minimum-wage, who cares?

Unfortunately, Chicago and other hell-holes do this to exert pressure at the federal level, so EVERYONE suffers.

7 posted on 12/04/2014 3:56:27 PM PST by Extremely Extreme Extremist (NO COMPROMISE! NO BIPARTISANSHIP! STOP OBAMA NOW!)
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To: eyeamok

Yep, the libs and commie union leaders would be all for it.


8 posted on 12/04/2014 3:56:40 PM PST by jazusamo (0bama to go 'full-Mussolini' after elections: Mark Levin)
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To: jazusamo

This just guarantees that the businesses will move outside of Cook County.


9 posted on 12/04/2014 4:06:12 PM PST by Blood of Tyrants (Good Muslims, like good Nazis or good liberals, are terrible human beings.)
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To: Extremely Extreme Extremist
abolish the minimum-wage at the federal level

Good idea!

10 posted on 12/04/2014 4:08:02 PM PST by T Ruth (Mohammedanism shall be defeated.)
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To: Don Corleone

Every year a professional society I belong to has its annual meeting in Chicago.

I refuse to go as I refuse to support this criminal city. I have never been to the meeting.

I emailed the director of the meeting about when the meeting would be held elsewhere. I got no response.


11 posted on 12/04/2014 4:09:33 PM PST by bkopto (Free men are not equal. Equal men are not free.)
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To: Blood of Tyrants

Exactly, the title is right on the mark.


12 posted on 12/04/2014 4:11:16 PM PST by jazusamo (0bama to go 'full-Mussolini' after elections: Mark Levin)
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To: jazusamo

CLOWARD/PIVENS, this is just another manifestation.


13 posted on 12/04/2014 4:11:54 PM PST by SWAMPSNIPER (The Second Amendment, a Matter of Fact, Not a Matter of Opinion)
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To: Don Corleone
Chicago is a heavily unionized city and union contracts escalate with the minimum wage. Not ‘unexpected’ at all.

I'm going to guess that, if the minimum wage is LOWERED, union contracts do NOT also lower union wages.

14 posted on 12/04/2014 4:13:45 PM PST by PapaBear3625 (You don't notice it's a police state until the police come for you.)
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To: jazusamo

Raising the minimum wage is only a vote getter, and these dorks know it. No one but a LIV could possibly believe they have the good of their constituents in mind.


15 posted on 12/04/2014 4:38:08 PM PST by Blue Collar Christian (quod est Latine morositate)
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To: jazusamo

Pikers. The West coast is shoot for $15 or possibly $25 a hour. But, on the other hand, there is probably no “living wage” possible in a place like Chicago....if you wake up in the morning and you are not dead, then you suffer through another day until you can retire and move out of state.


16 posted on 12/04/2014 5:09:59 PM PST by RetiredTexasVet (Eric the Red Holder has probably read the Communist Manifesto but not the Constitution.)
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To: Kackikat

Emanuel is as slimy as they get and just as Left. Dangerous in and out of the White House.


17 posted on 12/04/2014 5:24:57 PM PST by MadMax, the Grinning Reaper
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To: Blood of Tyrants

“This just guarantees that the businesses will move outside of Cook County.”

Any of them physically capable of moving have already done so. Sounds like a plan - Chicago is on its way to being another “food desert”. And then the Dems will wonder how it happened.


18 posted on 12/04/2014 5:36:16 PM PST by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: The Antiyuppie

Liberals who are like arsonists who work for the fire department. They light a fire then show up with a tanker full of gasoline to put it out.


19 posted on 12/04/2014 7:32:57 PM PST by Blood of Tyrants (Good Muslims, like good Nazis or good liberals, are terrible human beings.)
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To: Extremely Extreme Extremist

IIRC,San Francisco has the highest minimum wage of any city in the nation.

Business owners there also must pay another $1.23 to $1.85 an hour per employee for health-care coverage if they don’t offer health insurance. San Francisco is also the only city in the state that charges a payroll tax of 1.5 percent; it also mandates nine paid sick days annually per employee.

And yet they have more panhandlers and homeless than anywhere I’ve recently visited in the US and has the highest rental rates in the country if you exclude Manhatten.

Leftard feel-good ‘solutions’ usually make things worse.

Be careful what you advocate for, Mr.Marty.We don’t want to turn our state into SF. Nice place to visit, couldn’t afford to live there.


20 posted on 12/04/2014 8:14:47 PM PST by TurboZamboni (Those who make peaceful revolution impossible will make violent revolution inevitable.-JFK)
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