CHICAGO (CBS) — Aldermen have set the stage to hike the city’s minimum wage to $13 an hour over the next four-and-a-half years, under a measure the City Council is expected to approve Tuesday.
Facing re-election in February, Mayor Rahm Emanuel has made raising the city’s minimum wage on the fast track.READ MORE: Chicago Weather: Weekend Warmup
“None of us who are entrusted with public life can rest until we make sure that everybody, regardless of where they live, has a chance to participate in that economic growth throughout the city of Chicago,” he said.
The mayor’s revised minimum wage ordinance would raise the hourly minimum wage in Chicago each year in July, starting with an increase to $10 next year. It would then go up to $10.50 in 2016, $11 in 2017, $12 in 2018, and $13 in 2019.
After 2019, the city’s minimum wage would go up each year at a rate equal to the rise in the Consumer Price Index.