Illinois’ workers’ compensation system has not evolved to meet the modern workplace, and is instead working more for special interests than employers and employees.
An increasing number of younger adults are making up the exodus of taxpayers from the state.
The state of Illinois has one of the oldest workers’ compensation systems in America, dating to 1911.
By linking unemployment payments with the requirement to submit a résumé, the Illinois Department of Employment Security is trying to connect unemployed people with employers faster, helping job seekers find employment, and saving taxpayers money.
BLS data show that Illinois had a net loss of 354,000 adults over the last decade from its prime working-age adult population (ages 25 to 54), with 290,000 of that loss attributable to migration rather than mortality. This is a troubling sign that indicates a weak economy – and the loss of adult taxpayers and their children.
In joining the Chicago Bulls, former Miami Heat star Dwyane Wade is trading Florida’s 0 percent personal income tax for Illinois’ 3.75 percent rate, a choice many out-migrating, middle-class Illinoisans cannot afford to make.
Illinois’ June WARN report shows 600 mass layoffs for the state in June, with 44 jobs lost in manufacturing, an improvement over May’s 1,300 layoffs and 500 manufacturing job losses.
Madigan’s stated concern for the middle class rings hollow given that his own plan to boost the state’s fiscal health consists solely of income-tax increases, which would directly reduce the wages and standard of living for Illinoisans.
Illinois entrepreneurs face myriad regulations that impede starting or running a business. Compliance with those regulations is costly; more importantly, it is almost impossible for entrepreneurs to know every regulation that affects their businesses. The uncertainty of not knowing the law creates a regulatory minefield and takes away opportunity for Illinoisans.
Most states have far outstripped Illinois on the number of jobs recovered. And even worse, Illinois has also lagged in the quality of jobs recovered. Illinois was the 37th state to recover and match its pre-recession jobs count. But there are still 110,000 fewer Illinoisans working today than before the recession began.
The city will require rideshare drivers to complete an online course before hitting the road, and will allow ridesharing platforms such as Uber and Lyft to continue conducting their own background checks.
The city’s new ordinance will punish visitors to the city with a 21 percent hotel tax bill.
The city of Evanston offers a path forward for governments to level the playing field between traditional taxis and ridesharing.
In the face of fleeing residents, the Chicago City Council has chosen to add more and more layers of regulation instead of reforming.