San Francisco 1st to have minimum wage over $10

San Francisco 1st to have minimum wage over $10
SAN FRANCISCO (BDCi) – San Francisco could be the way to go for a better paying job.

Starting January 1, 2012, the city will become the first in the nation that has a minimum wage above $10 an hour. A 32-cent hike will push the hourly pay to $10.24.

The wage is more than $2 above the California minimum wage and nearly $3 more than the working wage set by the U.S

San Franciscans passed a proposition in 2003 that requires the city to increase the minimum wage each year, using a formula tied to inflation and the cost of living.

While workers may welcome the extra cash, some employer say the combination of a minimum wage hike, the city’s payroll tax and a mandated medical care stipend could lead to layoffs.

By: Natania Levine Courtesy: abc7.com Photo: abc7.com 13 December 2011

12:47 p.m P.S.T