stfuconservatives:diegueno:The highest minimum wage in the nation is set to rise again in 2013,
stfuconservatives: diegueno: The highest minimum wage in the nation is set to rise again in 2013, as San Francisco’s low-end compensation rate will increase from $10.24 to $10.55 per hour. In 2003, voters approved a local ordinance tying the minimum wage to the regional rate of inflation in San Francisco, Oakland and San Jose. Set at $8.50 per hour when the law took effect, The City’s minimum wage has increased in every year but one since 2004. City officials and low-wage worker advocate groups have long argued that increasing the minimum wage helps the local economy by giving service industry workers more disposable income to spend. S.F. employers paying more Minimum wage has risen almost every year since 2004: 2004: $8.50 per hour 2005: $8.62 per hour 2006: $8.82 per hour 2007: $9.14 per hour 2008: $9.36 per hour 2009: $9.79 per hour 2010: $9.79 per hour 2011: $9.92 per hour 2012: $10.24 per hour 2013: $10.55 per hour Source: San Francisco Office of Labor Standards Enforcement In addition, a 2004 peer-reviewed UC Berkeley study found that the rising minimum wage had no impact on jobs or the propensity of employers to leave the area. Instead, it concluded that restaurants in particular passed on increased costs to customers, with prices rising 6.2 percent for fast food and 1.8 percent at sit-down eateries. (via San Francisco’s minimum wage will rise again to $10.55 | Dan Schreiber | Local | San Francisco Examiner) A sterling example of how increasing the minimum wage does not hurt jobs. Makes me feel better about my rent? -- source link