What the New Minimum Wage Requirement Could Mean for Companies

As of last Wednesday, the new minimum wage in Chicago bumped from $8.25 to $10. By 2019, the new minimum wage requirement will be set at $13. However, employment expert Rob Wilson says that there are loopholes which people should look out for.
He says, “There are a few ways that people can possibly work around the minimum wage requirement. The main way is by keeping their company located outside of the city. For example, a company could be located in Deerfield, but still do business in the city, whether it is window-washing or tent rentals. In doing so, they can avoid paying their employees the new legal wage set by the city.”
Wilson, who is the CEO of Employco USA, an employment solutions firm, continues, “Virtual companies could also be confronted with new issues due to this law. For example, virtual companies in Chicago might have to leave if they have minimum wage workers elsewhere. All in all, this new wage ruling will have unexpected consequences as well as potential loopholes.”