Pritzker Signs Bill Raising IL Minimum Wage To $15 By 2025

IL Governor J.B. Pritzker signed a minimum wage hike into law Tuesday.

The minimum wage would increase gradually every year, until it hits $15-an-hour in 2025. Currently, the state minimum stands at $8.25-an-hour.

It increases from $8.25 by $1 on Jan. 1, and jumps to $10 on July 1, 2020. Then, it increases $1 each Jan. 1 until  2025.  Business groups opposed the plan. The wage is set to increase without regard to economic conditions and can result in higher costs to consumers.

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