As of today, May 1, 2015, San Francisco employers must increase the minimum hourly wages of their employees to at least $12.25 per hour.
This new rate places San Francisco on par with Oakland for the highest legally mandated pay for non-salaried workers in the nation. And, according to the National Employment Law Project, an estimated 142,000 workers will benefit from the higher wages. There may not be a better time for this increase as San Francisco's economy is booming and the unemployment rate is down to 3 percent.
Minimum Wage Law Goes Into Effect for San Francisco
A story by Ian Tuttle in the National Review had this to say:
"'I’m hearing from a lot of customers, ‘I voted for that, and I didn’t realize it would affect you.’”
So says Brian Hibbs, owner and operator of Comix Experience, an iconic comic-book and graphic-novel shop on San Francisco’s Divisadero Street, of the city’s new minimum-wage law. San Francisco’s Proposition J, which 77 percent of voters approved in November, will raise the minimum wage in the city to $15 by 2018.
As of today, May 1, Hibbs is required by law to pay his employees at Comix Experience, and its sister store, Comix Experience Outpost on Ocean Avenue, $12.25 per hour. That’s just the first of four incremental raises that threaten to put hundreds of such shops out of business.
First of a Number of Incremental Increases
The San Francisco minimum wage is set to increase to $15 an hour over the next 36 months. For more information on the details of San Francisco's Proposition J, the minimum wage increase, and the impact it will have on city employers - as well as the similar legislation passed for the city of Oakland - please read this recent post:
Getting Help From Professionals
Now is a great time to consider the advantages of outsourcing your payroll management functions to a professional agency. Accuchex is a full-featured payroll management service provider and offers a variety of support and resources.