December 12, 2012
San Francisco - San Francisco will be the first city in the United States to have a minimum wage that tops $10. As of Jan. 1, 2012, workers in the city by the bay will earn a living wage of at least $10.24 per hour.
Back in 2003, San Francisco approved a proposition that would require the city to increase the minimum wage annually utilizing a formula that correlates the rate of inflation with the cost of living. The state of California has a minimum wage of $8 and the federal government maintains a federal minimum wage of $7.25.
When Jan. 1, 2012 hits, San Francisco will have a minimum wage of $10.24/hr, up from $9.92/hr. Although city residents and community organizations say they are pleased with the minimum wage going up, they still find that it is an inadequate wage to live on due to the cost of living.
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