Emanuel's minimum wage hike is a maximum fail

Crain' Chicago Business reports:

It's hard to conceive of a worse way to raise the minimum wage than the way that up-for-re-election Mayor Rahm Emanuel did Dec. 2 in Chicago.

In lieu of the misguided big-box ordinance floated several years ago—that shortsighted measure would have forced the likes of Wal-Mart to pay a higher wage for permission to open stores in Chicago—he has big-boxed the entire city.

The scope of the increases is startling, no matter your position on the issue. Starting July 1, Chicago's minimum wage will rise to $10 an hour, 24 percent higher than the current $8.25, which remains in the suburbs and the rest of Illinois. Next year, the minimum in Chicago will be 38 percent higher than the $7.25 in Indiana and Wisconsin. The Chicago wage will continue to climb, reaching $13 an hour in 2019, a 58 percent increase over five years.

Chicago would rather have a sign on their back saying , "we are the high cost place of doing business."