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Patriotic Millionaires on the $15 Minimum Wage in IL: “Our State Will Thrive”

“Just two years after former Gov. Rauner vetoed similar legislation, Illinois' working families will finally get the boost they deserve.”
Springfield, IL -

Today, Governor J.B. Pritzker signed into law a bill that would raise the state's minimum wage to $15 an hour by 2025, making Illinois the first midwestern state, and fifth state overall, to bring its minimum wage to $15 an hour. In response, Michael and Joan Pine, Patriotic Millionaires and Illinois residents, issued the following statement:

"Just two years after former Gov. Rauner vetoed similar legislation, Illinois' working families will finally get the boost they deserve.

So long as the federal minimum wage does not keep up with increases in the costs of goods and rising inflation, it will be necessary for states to step in. By Gov. Pritzker making a living wage one of his first priorities, he has shown a commitment to the working class and the businesses that service them. An increase in wages means more money for Illinois families to spend at their local businesses. As a result, our state economy, which relies on consumer spending, will thrive."

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The Patriotic Millionaires is a group of high-net worth Americans who share a profound concern about the destabilizing level of inequality in America. Our work centers on the two things that matter most in a capitalist democracy: power and money. Our goal is to ensure that the country’s political economy is structured to meet the needs of regular Americans, rather than just millionaires. We focus on three “first” principles: a highly progressive tax system, a livable minimum wage, and equal political representation for all citizens.

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