San Francisco's Minimum Wage Is Now the Nation's Highest
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|Clearly a woman making minimum wage in SF.|
Let's put that in context, shall we? According to the Council for Community and Economic Research, the cost of living in San Francisco is 62 percent higher than the national average, a figure that middle- and upper-middle-class workers are easily able to wield during salary negotiations. If we were to adjust the federal minimum wage for cost of living in SF, that would translate to $11.75.
And working 40 hours a week at $10.24 still only earns you about $1800 a month. Take out taxes, and then look and what you're able to afford on the rental market today. Rents have been spiking of late -- the average one-bedroom now goes for $1885 a month -- and at $600-750 a month your shared housing options on Craigslist are pretty limited.
Besides, San Francisco may hold the record for highest minimum wage for only a few months -- Santa Fe is set to raise its wage to $10.32 in March. The cost of living there is estimated to be about 38 percent lower than San Francisco's. You do the math.