Updated 07/30/14 – 5:19 p.m.
CHICAGO (CBS) — Mayor Rahm Emanuel has introduced a plan to the City Council to gradually increase the minimum wage in Chicago to $13 an hour.
The mayor’s proposal would hike hourly pay for minimum wage workers by 45 percent from the current $8.25 over the next four years. If approved, the proposal would raise the minimum wage by $1.25 an hour each of the next three years, followed by a $1 increase in 2018.
A minimum wage working group appointed by the mayor has recommended the city’s minimum wage also be tied to inflation for future increases.
The mayor said the increase would impact more than 400,000 workers in Chicago, who make up nearly 31 percent of the city’s workforce.
Emanuel said he met with a group of small business owners at a roundtable discussion Monday, and they supported the plan, because they believe a higher minimum wage is needed to keep employees happy and more productive.