The minimum wage is five dollars lower than what research shows it needs to be for single person living in Peoria. That disparity increases as family size grows. I will fight to raise the minimum wage to a living wage over the next five years. With gridlock at the state and federal levels, local jurisdictions need to act. Peoria can be at the forefront of wage raises in the Midwest, attracting Peorians and non-Peorians alike to our labor market.
- 21.7% of Peorians live in poverty. That’s 1 in 5 people unable to pay for a basic household budget.
- Even someone working full-time, year-round at Peoria’s minimum wage of $8.25 only makes about $17,000 a year.
- In 2019, a single person needs to make $13.64 an hour to afford basic necessities.
The minimum wage in Peoria should be raised gradually over five years to meet a standard in which workers and their families can afford a basic household budget, and enterprises remain competitive within a state and national context.
Effects of Raising Minimum Wage
- Lifting people out of poverty will result in lower crime and public savings with reduced need for public aid
- Local businesses will attract high quality and dedicated employees and reduce turnover
- Entering the labor force becomes more attractive
- Peoria becomes a more attractive city to move to with more competitive wages