For Immediate Release
Illinois Minimum Wage Vote is a Victory for Workers and the Economy
"In an economy that is 70% driven by consumer demand, giving a third of the working population a raise is the best economic stimulus available."
WASHINGTON - This morning, following the Illinois General Assembly's passage of a bill to gradually raise the state minimum wage to $15/hour, the Chair of the Patriotic Millionaires Morris Pearl, former managing director at BlackRock Inc., issued the following statement:
"We're encouraged that the Illinois General Assembly has decided to support workers and pass a bill raising the state minimum wage to $15 an hour. With nearly one-third of workers making less than $15 an hour, too many Americans are locked out of participating in our economy. This bill is an important step forward, not only toward ensuring that every person working full-time can afford his or her basic needs, but also toward a strong and vibrant economy within the state of Illinois. In an economy that is 70% driven by consumer demand, giving a third of the working population a raise is the best economic stimulus available. The Illinois General Assembly has shown their dedication to serving the working people of Illinois, and we hope Governor Rauner will do the same and sign the bill into law."