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Businesses can boost profits in face of minimum wage increases

By WOODRUFF IMBERMAN and SOPHIE HARMS     Because of a recent ordinance passed by the Chicago City Council, Chicago’s minimum wage jumped from $8.25 an hour to $10 on July 1, 2015; and will increase incrementally to $13 by 2019. This makes higher productivity a must not only for employers within city limits, but those…

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