June 4, 2014
The Center for Popular Democracy studied the potential effects of a minimum wage increase of $15 for Chicago corporations that made over $50 million and found that such an increase would generate $616 million in new economic activity, $45 million in new sales tax revenue and 5,350 new jobs.
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Chicago Aldermen Present City Council with Increased Minimum Wage Ordinance
Last week, Chicago aldermen were joined at City Hall, 121 N. LaSalle St., by Raise Chicago, a grassroots coalition working to ensure that major corporations who make over $50 million in profits pay a living wage of $15/hr., to announce the introduction of a $15 an hour minimum wage ordinance, sponsored by Alderman Roderick Sawyer (6th), Alderman John Arena (45th), and Alderman Joe Moreno (1st).