San Francisco Raises Minimum Wage to $8.50

The migration of businesses out of California has been recognized as a significant problem and the San Francisco voters want to be at the forefront of providing reasons to leave. Businesses in the city with 10 or more workers must pay $8.50 an hour by February. Opponents believe that the law will increase costs to a level where some businesses can no longer compete.

This action by San Franciscans just doesn't seem to make a lot of sense. Not only are they encouraging some folks to fold shop and leave, they're also notching up reasons for new businesses not to locate in the city.

Also, since the prevailing liberal mindset is to have everyone earn a "living wage," why didn't they jack up the minimum to $50.00 per hour. It costs about that much to live there.