Illinois lawmakers have proposed raising the state’s minimum wage to $27 per hour in 2032, but an employment policy researcher says the move could trigger drastic inflation.
House Bill 5367 and Senate Bill 3821 provide for incremental increases, starting on July 1st of this year.
Citing research by economists and Bureau of Labor Statistics data, Employment Policies Institute Research Director Rebekah Paxton said every one-dollar increase in the minimum wage can trigger up to 5.5% price inflation.
Paxton said California’s $20 minimum wage for fast food workers in 2024 is a real-life example.
The wage bills were filed by state Rep. Norma Hernandez, D-Melrose Park, and state Sen. Kimberly Lightford, D-Maywood.
Story from Illinois Radio Network
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