The intent of the law is to prevent binge drinking and drunk driving. But it’s not clear this is the best policy to address either of these problems.
Work should, in fact, pay.
The DCEO started handing out EDGE tax credits in 2001. Nearly $1 billion later, Illinois is one of only seven states to be down jobs.
A thriving entrepreneurial culture depends on the ability to experiment and take risks without begging for permission from the government.
Illinois’ jobs crisis has led to a dependency crisis.
But Chicago’s minimum-wage hike is a stopgap for jobs.
Chicago City Council claims that over 400,000 workers in Chicago will get pay hikes. What lawmakers should be studying is how many tens of thousands of those workers are going to be unnecessarily thrown out of work the next time the economy slows down, property taxes go up or a new technology comes along that can replace human labor.
Leibundguth Moving & Storage has been in Downers Grove, Illinois, since 1928, and for over 70 years it has had a hand-painted sign on the back of its building facing the Metra commuter rail tracks.
Had Illinois managed the recession and recovery on par with the rest of the U.S., there would be an additional 300,000 Illinoisans working today, and an additional 220,000 payroll jobs.
More and more households becoming dependent on food stamps reveals the true impact of Illinois’ sputtering economy.
Over the last 15 years, Illinois has lost a net of 282,827 people and more than $14 billion in annual income to zero-income-tax states.
Illinois is now down 138,200 total payroll jobs in the recession era, the second-worst recovery of any state.
Illinois lawmakers should keep their hands off ridesharing and let innovation continue.
The Illinois General Assembly is currently considering a dramatic increase in the state’s minimum wage.