San Francisco’s minimum wage is set to increase to $18.07 per hour starting July 1, 2023, marking the biggest annual increase in nearly a decade. This increase is based on Section 12R.4 of the San Francisco Administrative Code. The new minimum wage applies to all part-time and full-time employees who work in San Francisco, and represents an increase of more than a dollar from last year.
The increase in San Francisco’s minimum wage is part of a larger trend in California, where the minimum wage has been increasing steadily over the past few years. In 2014, San Francisco voters passed a measure to increase the minimum wage to $15 per hour by July 2018 and bump it up annually each year based on the annual CPI. As of July 2022, San Francisco’s minimum wage was $16.99 per hour.
The minimum wage increase affects nearly 19% of California’s workforce, about 3.2 million people. Those benefitting from the wage increase can expect an average $515 more in annual earnings. The increase in San Francisco’s minimum wage is expected to have a significant impact on low-wage workers in the city, many of whom have been struggling to make ends meet due to the high cost of living.
While the increase in San Francisco’s minimum wage is a step in the right direction, there is still more work to be done to address economic inequality in the city and beyond. As the cost of living continues to rise, it is important that workers are paid a fair wage that allows them to support themselves and their families.
The increase in San Francisco’s minimum wage to $18.07 per hour starting July 1, 2023, is the biggest annual increase in nearly a decade. This change will impact nearly 19% of California’s workforce, and is part of a larger trend of increasing minimum wages in the state. While this increase is a positive step, there is still more work to be done to address economic inequality and ensure that all workers are paid a fair wage.
