Study finds increasing minimum wage would benefit Illinois

(CNN Money Photo)

A study by an Illinois nonprofit says raising the state's minimum wage would help some residents out of poverty and increase economic activity.

Posted: Oct 28, 2018 12:55 PM

SPRINGFIELD, Ill. (AP) - A study by an Illinois nonprofit says raising the state's minimum wage would help some residents out of poverty and increase economic activity.

The State Journal-Register reports the Illinois Economic Policy Institute examined what would happen if the state raised minimum wage from $8.25 an hour to $10, $13 or $15 an hour. The study found increases would affect between 353,000 and 1.4 million workers, and grow the economy by between $5 billion and $19 billion a year.

Critics of raising minimum wage say it would cause low-income workers to lose jobs or have fewer hours.

Lawmakers last year approved a bill that would gradually raise Indiana's minimum wage to $15 an hour. Gov. Bruce Rauner vetoed the measure.

The study was done in collaboration with the University of Illinois' Project for Middle Class Renewal.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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