I read an article today about after the New Year San Francisco will be raising their minimum wage rate to over $10.00 per hour. You heard that right, ten dollars! For the state of Nebraska we have been at $7.25 since 2009. The first thing that came to mind was, wow I wonder what is going to happen to business’ there. Will companies have to cut back on the number of employees they can have? If people get paid more, will they spend more? This could be a step in the right direction. Guess we will have to wait and see how things go.
The article can be found at MSNBC, called Happy New Year. SF minimum wage heads to $10