Employees at Gap stores nationwide will see a pay increase in 2015, when the company plans to boost the hourly minimum wage for all of its workers to $10. Some 65,000 workers will be affected by the wage increase nationwide, with 4,000 of those workers being in Illinois.
Gov. Pat Quinn visited a downtown Chicago Gap location Thursday afternoon to recognize the company's move to improve employee wages.
“Gap Inc. is leading the pack in raising the minimum wage to build an economy that works for everyone,” Quinn said. “Hardworking men and women in Gap stores all over Illinois will benefit from this increase. Illinois and the rest of the nation should follow Gap's good example."
If the Illinois hourly minimum wage were increased to $10 from its current rate of $8.25, some 500,000 Illinoisans would earn an additional $4,800 annually, much of which would be spent in the local economy, according to the governor's office.
Last month, Quinn met with President Barack Obama, Vice President Joe Biden and senior White House officials to discuss an increase to the federal minimum wage, which is currently $7.25 an hour. The president would like to see the federal minimum wage increased to $10.10 an hour.