Many workers will see a bit more in their paychecks when Illinois' minimum wage rises 25 cents an hour to $8 an hour Wednesday -- the second of a three-phase increase that will reach $8.25 July 1, 2010.
It means $520 a year more for a full-time minimum-wage earner. The Illinois Retail Merchants Association says it will cost employers, on average, an additional 30 cents an hour, for a total of $8.90. That's because the employer must pay benefits based on a percentage of the wage, so costs rise for Social Security, Medicare, workers' compensation and insurance, for example, said IRMA spokesman Peter Gill.
Dispatches from Chicago's south side.
Tuesday, June 30, 2009
State minimum wage going up a quarter
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