Yesterday, Chicago Mayor Richard Daley vetoed an ordinance that would have required "big box" retailers to pay employees a "living wage," of at least $10 an hour plus $3 in fringe benefits within the next four years. The current minimum wage in Illinois is $6.50 an hour. The veto was Daley's first in 17 years. The living wage measure passed in July by a 35-14 margin. It takes 34 votes to override the veto, but as many as three alderman who voted for the measure are reportedly considering voting against an override.
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This decision is one that I personally find rather disheartening. I understand the implications for business if the living wage was instituted, but, honestly, how can anyone be expected to live in today's world on $6.50 per hour?
Posted by: panasianbiz | September 20, 2006 at 10:29 AM