Chicago’s minimum wage will increase July 1, hitting $15.80 per hour for many workers across the city.
The annual bump comes as Chicagoans experience a strong labor market despite layoffs in certain industries, such as Big Tech. Though inflation has cooled off historic highs, prices remain elevated. The minimum wage will increase 2.5% on the first of the month, a percentage that does not match inflation, which grew at a 4% annual rate in May.
“This is a minimum,” said Kenneth Meyer, commissioner for the city’s Department of Business Affairs and Consumer Protection.
