SF min wage will increase to $10.24/hr on Jan 1st

Discussion in 'Economy' started by zzzz, Dec 12, 2011.

  1. zzzz
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    zzzz Just a regular American

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    On Jan 1st San Francisco will become the first locality to raise its Minimum wage to above $10 an hour.
    San Francisco to top the $10 minimum wage
     
  2. Katzndogz
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    Katzndogz Diamond Member

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    Raising the min wage in Los Angeles to $10.00 an hour is what drove out the commercial districts.
     
  3. martybegan
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    martybegan Gold Member

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    and the cycle contiues. People will get paid more for the same amount of work, thus causing prices to increase, thus causing thier income to reduce in purchasing power, thus "requiring" another wage increase by the government.

    Its called inflation, people.
     
  4. Douger
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    Douger BANNED

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    If the tax rates are the same as when I left that's a take home pay of around $328 a week.
    That's what I paid my guys.They lived 4 to a house and did OK on it.
     
  5. zzzz
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    zzzz Just a regular American

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    The restaurant owners said the salaried employees will take the hit because they cannot afford to raise menu prices. I would think the hourly employees hours would be reduced and the salaried employees would cover the reduced hours.

    $10 across the country would cause an effect on the crumbling economy. The standard of living (or cost to live) is higher in Cali than the Midwest so I guess they need a higher min wage. But to automatically raise it every year whether the economy is booming or in a depression makes no sense.
     

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