S.F. increases minimum wage

 (KTSF) San Francisco will increase the minimum wage on January 1st, 2012 by 32 cents going from $9.92 to $10.24.

San Francisco will become the first city to have a minimum wage above ten dollars and two dollars above the state minimum. The increase stems from a law passed in 2004 that requires that the minimum wage be directly tied to inflation, which has allowed San Francisco’s minimum wage to increase every year.

San Francisco is one of eight cities around the country that will be raising minimum wage in the new year. Most cities in California have a minimum wage  of $8 an hour.   On average, a full-time employee in California making minimum wage will earn about $16,000 a year. In San Francisco a full-time employee with the new minimum wage will earn about $21,000 a year.

(Copyright 2011 KTSF. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. )

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