The Mayor of Chicago recently announced the scheduled annual increase in Chicago’s minimum wage. On July 1, 2024, the minimum wage will increase to $16.20. Currently, the city’s minimum is tiered for large and small businesses. Beginning July 1, this will no longer be the case — all employers with four or more employees will be subject to the $16.20 minimum wage amount. The new minimum hourly wage for tipped workers will be $11.02.
Cook County will also see a slight increase to its minimum wage on July 1, 2024, from $14.00 to $14.05.
