Letter: Don't hike the minimum wage
To the Editor: Illinois job creators are speaking with one voice: Adverse consequences from hiking Illinois' minimum wage will far outweigh the alleged benefits that some are trying to accomplish in Springfield.
Senate Bill 68 will seek to increase Illinois' minimum wage to $10 per hour. Illinois already has the fourth-highest minimum wage in the nation at $8.25 per hour, higher than all neighboring states.
Employers cannot bear the repercussions of a minimum wage hike, and jobs will be lost. While national unemployment has dropped, unemployment in Illinois continues to rise this year, now standing at 9.5 percent. The overwhelming number of minimum wage workers is young people, often in their first job, and their rate of unemployment (16 to 19 years of age) stands at 26.5 percent in Illinois and 48 percent in the city of Chicago.
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