Yesterday Chicago aldermen rubber-stamped Mayor Rahm Emanuel’s plan to raise the city’s minimum wage to $13 an hour over several years. (Hey, whatever happened to President Obama’s $10.10 proposal?) Defenders of the legally dubious measure say the raise is needed because the cost of living in the city just keeps rising. Don’t they know that such initiatives, which ignore real-life realities, are a big part of the reason why costs keep going up in Chicago?
Some advocates weren’t satisfied, saying $20 an hour would be more fair. I wonder if those people have ever tried to run an actual business. I doubt it. It’s always more fun to spend other people’s money than it is your own.