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Chicago minimum wage climbs to $10.50 beginning July 1

June 17, 2016
As a reminder to Chicago businesses, the city’s minimum wage increases to $10.50 an hour beginning July 1.
Chicago’s minimum wage will be raised each July 1 until 2019, when the rate will be $13 an hour. Beginning July 1, 2020, any increase will be tied to the Consumer Price Index.
The Chicago ordinance also provides that, beginning in 2020, if the CPI increases by more than 2.5 percent in any year, the minimum wage increase shall be capped at 2.5 percent. 
The wage increase applies only to Chicago employers. The minimum wage in the rest of Illinois remains $8.25 an hour.