BREAKING NEWS: After months of debate and hours of arguing on the floor, the Chicago City Council passed a resolution today requiring certain large employers to pay a living wage.
The bill require stores with at least 90,000 square feet that are operated by companies that annually do $1 billion or more in sales to increase their wages and pay benefits to their employees. By July 2010 such stores must pay at least $10 an hour and give an additional $3 in fringe benefits an hour.
Mayor Daley still has the opportunity to veto the bill, but enough Aldermen support the bill to override his veto.
The bill require stores with at least 90,000 square feet that are operated by companies that annually do $1 billion or more in sales to increase their wages and pay benefits to their employees. By July 2010 such stores must pay at least $10 an hour and give an additional $3 in fringe benefits an hour.
Mayor Daley still has the opportunity to veto the bill, but enough Aldermen support the bill to override his veto.