Minimum Wage Analysis

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High Minimum Wage Has Minor Effect on Local Economy Minimum wage is the legal minimum dollar amount for employers to pay employees. The minimum wage around the United States varies by location with respect to federal, state, and city. At present, the minimum wage in San Francisco, CA (S.F.) stands at $12.25, a rate of $5.00 more than the federal rate and currently the highest minimum wage in America. (Minimum Wage Check: Federal, State, and Territorial, 2015). This paper will analyze the minimum wage rate of San Francisco with relation to the living wage necessities for survival. Living Wage vs Minimum Wage The terms of minimum wage and living wage, represent two different concepts for a low-income employee. While minimum wage refers to the minimal…show more content…
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