We break down complex business news to help you understand how money moves in Chicago and how it affects you.
Illinois
Illinois workers at private companies saw pay jump in December, report says
Illinois workers at private companies ended 2023 on a high note as the median pay in December jumped 5.4% compared to December 2022 — a shift that’s expected to stick around in Chicago thanks to the city’s impending minimum wage increase.
Pay across the nation also increased in December as well as employment, with 164,000 jobs added in the private sector, according to ADP Research Institute. The institute releases a monthly employment and pay insights report based on data from private employers. The Thursday report comes before the Labor Department’s release on Friday of its employment report for December, which is more comprehensive.
The jobs added were largely driven by the service sector, “a brighter spot in the overall data,” according to ADP Chief Economist Nela Richardson.
“It’s almost worthy of that social media game where you say ‘How we started,’ and ‘How we finished,’” Richardson said, referring to wage growth throughout 2023.
With much of the nationwide job growth powered by the leisure and hospitality sector, small business hiring trends are important to focus on, Richardson said.
Some businesses, like Sip and Savor Coffee House, which has five locations throughout Chicago, cycle through new hires often.
“We’re constantly hiring because we’re constantly getting rid of people,” Sip and Savor CEO Trez Pugh III said. “I have this saying, ‘Everybody wants a job, nobody wants to work.’”
Because of the revolving-door pattern of hiring trends in the service industry, creating a work environment where people want to stay is vital, Pugh said, adding that he provides employees bonuses when he can.
Illinois was on par with nationwide trends, where wage growth for “job-stayers” increased 5.4%. The state’s median salary is at $58,400, just short of the national median salary of $58,700, according to ADP.
While some pay bumps represent a snapshot of a moment in time, Richardson said Chicago’s upcoming minimum wage increase in July will likely spur a more consistent, sustainable wage growth in the city. Much of the increase across the state and country affected hourly workers at the lower end of the wage scale.
“We’ve seen that most of the wage growth has been at the lower end of the pay distribution,” Richardson said. “So for hourly workers, those increases at the state and metro level … did get a bump for overall pay growth.”
But the city’s minimum wage boost could strain businesses that are struggling to balance costs, Pugh said. He added that a minimum wage increase isn’t always taken at face value on the business side. For example, a $17 minimum wage could cost the business closer to $22 or $23 because of taxes and other fees associated with the increase, he said.
“I could see some businesses going out of business because of the wage increases, a lot of businesses are holding on by a thread right now, especially brick-and-mortar,” Pugh said.
This is a developing story. Check back for updates.
Illinois
Advocates, opponents seek to sway Gov. JB Pritzker on medical aid in dying legislation passed by Illinois General Assembly
Illinois could soon join a growing list of states where terminally ill patients would be allowed to take life-ending medication prescribed by a doctor.
The Illinois Senate narrowly approved the “medical aid in dying” legislation in October, after the Illinois House passed it in May, and the legislation is now sitting on Gov. JB Pritzker’s desk.
Pritzker has not said if he’ll sign it, and the controversial legislation has people on both sides trying to bend the governor’s ear.
Medical aid in dying, also called assisted suicide or dying with dignity, is legal in 12 states, with eight others considering similar legislation.
If Pritzker allows the “End-of-Life Options for Terminally Ill Patients Act” passed by the Illinois General Assembly to become law, Illinois could be the first state in the Midwest to allow medical aid in dying.
Suzy Flack, whose son Andrew died of cancer, is among the advocates urging the governor to sign the bill.
Diagnosed with terminal cancer in 2017 in his home state of Illinois, three years later Andrew moved to California, where medical aid in dying is legal, and chose to end his life in 2022.
“He died on his own terms, peacefully. We were all there to see it and embrace him at that moment, and it was really a beautiful thing,” Suzy said. “His last words were, ‘I’m happy. Please sign this. Allow people in Illinois this option.’”
Illinois is on the brink of joining a growing number of states that allow doctors to prescribe a mixture of lethal medication for terminally ill patients.
Outside the governor’s Chicago office on Thursday, many disability advocates, religious leaders, lawmakers, and doctors have called on Pritzker to veto the bill that would legalize what they call state-sanctioned suicide
“The question becomes where do you draw the line in the medical ethics dilemmas?” one physician who identified himself as Dr. Pete said. “We don’t need to go to this crossing of a red line of actually providing a means to directly end life.”
Republican Illinois state Sen. Chris Balkema said he “would really appreciate it if the governor would veto this bill.”
“My plea is that we veto this; come back with language that is constructive on both sides,” he said.
Pritzker has he is reviewing the legislation and is listening to advocates on both sides before deciding whether to sign it.
“It’s a hard issue, and I don’t want anybody to think making up your mind about this is very easy. It’s not. There’s a lot to consider, but most of all it’s about compassion,” he said. “There’s evidence and information on both sides that leads me to think seriously about what direction to go.”
The Illinois legislation would require two doctors to determine that a patient has a terminal disease and will die within six months. The medication provided to terminally ill patients would need to be requested both orally and in written form, and would have to be self-administered.
The bill was sent to Pritzker on Nov. 25, and he has 60 days from then to either sign it, amend it and send it back to lawmakers, veto it, or allow it to become law without his signature.
Illinois
Two rounds of snow on the way to central Illinois – IPM Newsroom
Snow is making a comeback in Central Illinois.
IPM meteorologist Andrew Pritchard said A Winter Weather Advisory is in effect for Champaign County and surrounding portions of east-central Illinois beginning Thursday at 3:00 p.m. to Friday at 6:00 a.m.
Snow will spread into Champaign-Urbana between 3-6 PM late this afternoon into the evening with periods of moderate to heavy snowfall continuing overnight. Snow should taper off around sunrise on Friday morning, with around 2-4″ of new snow accumulation expected across Champaign County.
Winds will blow out of the east around 5-10 mph, with minimal impacts from blowing & drifting snow. Still, snow accumulation on roadways could lead to hazardous travel conditions overnight into the Friday morning commute.
On Saturday, the National Weather Service in Central Illinois forecasted for snow to return on Saturday afternoon. The chance of precipitation is 80%. New snow accumulation of 2 to 4 inches possible. Temperatures will drop below zero across much of central Illinois both Saturday night and Sunday night with resulting wind chill values as cold as 15 to 30 below zero.
Illinois
Woman facing charges 5 years after infant’s remains found in north suburbs, police say
RIVERWOODS, Ill. (WLS) — A woman is facing charges five years after the discovery of a dead newborn in the north suburbs.
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Riverwoods, Illinois police say Natalie Schram gave birth to the baby in May 2020 and then dumped the baby’s body in a wooded area in the 1800 block of Robinwood Lane.
Schram was arrested earlier this month in Washington State and has now bee charged in connection to the crime, police said.
SEE ALSO | 2 charged after infant’s remains found buried at Wilmington home, Will County sheriff says
The suspect is expected to appear in a Lake County, Illinois courtroom on Thursday.
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