Just before the San Francisco Board of Supervisors Rules Committee’s public hearing on a proposed $15 minimum wage, the City and County of San Francisco’s Controller’s Office of Economic Analysis (OEA) issued an economic impact report on the proposed ballot measure. The OEA found that the proposal will increase labor costs for business discouraging job creation. According to the report, if the proposal is approved by voters, the city will have 15,270 fewer jobs in 2019 than it otherwise would, which represents nearly 2% of private-sector jobs in the city. The two largest industries that will be affected are restaurants and foodservice.
Given that high level of support from the supervisors, the full board is expected to approve the ballot measure and place the measure on the November 2014 General Election ballot. The measure, if approved by the voters, will increase the minimum wage to $15 per hour by 2018, and thereafter, starting July 1, 2019, annual increases will be tied to the Consumer Price Index. The ballot measure will increase the minimum wage over a four-year period without any type of exemptions and credits for businesses or considerations for small businesses.
For more information, contact Javier Gonzalez, government affairs + public policy director, at 408.416.6344 or email@example.com.