Chicago Mandates a "Living Wage"
Chicago now has this great new law:
The measure requires retailers with more than $1 billion in annual sales and stores of at least 90,000 square feet to pay workers at least $10 an hour in wages plus $3 an hour in fringe benefits by mid-2010.
Does this mean a 16 year old kid must be paid 10 bucks per hour plus benefits from day one? Possibly, although I haven't seen the law. Naturally, this will drive discount stores out the area, making poor people the big losers.