Illinois Wants to Be the High Cost State

The Chicago Sun-Times reports:

Illinois minimum wage earners would get increases pegged to inflation every year, under proposed legislation announced Saturday by Gov. Blagojevich and Mayor Daley.

Blagojevich, joined by Daley, said at a news conference that he would have the legislation introduced during the November legislative veto session in Springfield to raise the minimum wage by $1, to $7.50 an hour, and have annual increases based on the Consumer Price Index.

The governor said he was willing to hold state lawmakers through the holidays, if necessary, to pass the proposal. Daley predicted an easier time passing the wage increase in the legislature this time around. "I think it's going to be easier with his re-election," the mayor said, referring to Blagojevich.

That means if you work at a company located in Illinois,and business is off,you employer has a huge incentive to fire you because his costs are going up with inflation.I guess not everyone in the state of Illinois understands microeconomics.