Monday, January 30, 2012

San Francisco 1st American City With $10/Hr Minimum Wage (1/3/12)

Ten dollars per hour is not a lot live on, and this would therefore make a decent minimum wage as opposed to the current minimum wage of $7.25/hour. Despite employer opposition, San Francisco's minimum wage rose to $10.24 per hour starting this year. Many studies show that a higher minimum wage helps retain workers and cut down on employee turnover-related costs, such as recruitment and training. They also show that it does not really hurt overall employment. If San Francisco is the first city to do this, will other American cities be smart enough to follow? http://www.alternet.org/economy/153620/san_francisco_becomes_first_in_nation_with_%2410_minimum_wage_%28and_the_sky_isn%27t_going_to_fall%29?page=entire

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