The Governor of Illinois said that raising wages will hurt workers

The Governor of Illinois said that raising wages will hurt workers

The Governor of Illinois Bruce Rauner vetoed a bill to raise the minimum wage to $ 15 per hour over five years. He stated that this increase «would be detrimental to the employees themselves,» reports the Chicago Sun-times.

At the moment the minimum wage in the state is $ 8.25 per hour. Lawmakers have proposed to increase it gradually over 5 years, until 2022.

<img src="/wp-content/uploads/sites/4/2017/08/15c9741401652209f67bf59025baf4e5.jpg" alt="The Governor of Illinois said that raising wages will hurt workers” />

The bill also included tax credits to protect small businesses (with 50 employees or less).

Rauner after the veto noted that help people out of poverty – one of the main priorities of the state, but «the economic theory and economic evidence suggests that increasing the minimum wage to such an extent will hurt the people it should help.»
The Governor cited as evidence of the research economists at the University of Washingtonunder which for every 10% increase in hourly wage necessary job cuts to 30%.

Against the bill were also made by the chamber of Commerce of Illinois, who said that it would be a «devastating blow to job creation throughout the state.»

Will Guzzardi of Chicago, one of the authors of the bill, argues that workers can’t make ends meet, while big corporations reap the benefits.
«Governor Rauner proved that it is, rather, contributes to the enrichment of his allies – big corporations than helping millions of people in the state of Illinois. We, the people of Illinois now know whose side the Governor. Not on our,» said Guzzardi, and added that he will seek a review of the veto of Rauner.

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