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Chicago Mandates a "Living Wage"


Tags Interventionism


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.

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