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San Francisco’s minimum wage will rise again to $10.55

• sp332 14y ago
  "voters approved a local ordinance tying the minimum wage to the regional rate of inflation" Isn't inflation naturally affected by wages (among other things)? So this creates a feedback loop driving inflation upward. This whole situation reminds me of the "B Ark" from Hitchhiker's Guide to the Galaxy. A whole planet schemed to get rid of people they felt were in useless jobs (e.g. telephone cleaners, and hair dressers). If the minimum wage in SF is now $10.55, who will sweep the floors? In the story, the rest of the planet was soon wiped out by a telephone-born virus or something :)
  • pebb 14y ago
    Robots, doh!
    • muzz 14y ago
      No, the same people that do it today. Only difference is they'll get paid 3% more per hour.
      • sp332 14y ago
        FTA: "The study by economist Aaron Yelowitz concludes that earlier studies failed to recognize groups who are losing out on work opportunities because of the higher labor cost — specifically teenagers." So, it won't be the same people. There will be fewer teenagers in the workforce.
        • muzz 14y ago
          That would be what the article points out as "funded by a restaurant and beverage industry lobbyist". That industry has an interest in keeping the minimum wage lower.