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Home » Humor » San Francisco crows about raising its Minimum Wage to $15 an Hour… I’m not impressed.

San Francisco crows about raising its Minimum Wage to $15 an Hour… I’m not impressed.

July 2018
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I heard on the radio that San Francisco raised its minimum wage to $15 and that raise was crowed about ad absurdum… as if the great liberal yahoos had done something special.

Most people are gullible enough to think something impressive happened as well. For those, let’s throw some math at this situation.

The median cost of a home in San Francisco is $1,364,000 and some change. That works out to about $8,500 a month for a mortgage… if you put the ten percent down, or $136,400. Figure a couple, both working minimum wage jobs own that median home. That’s 71 hours a week, just for the mortgage, each. No food, no electricity, no car, nothing but the mortgage. 71 hours a week for two working people. Now here’s the fun part: No minimum wage employer will pay the overtime for an employee to work 71 hours a week to cover that mortgage… That couple will have to work two minimum wage jobs. Each.

Now let’s look at my hometown. The minimum wage is $9.25 and the median home costs $134,000. Throw the same math at that… 12 hours a week for both in the couple, working minimum wage jobs.

For San Francisco to be as fair as it is in my hometown, the minimum wage would have to be about $100 an hour.

Now, my math is very rudimentary. I don’t factor in taxes (triple in San Francisco what I pay in my hometown). In other words, the situation is even worse than my simplistic look at it.

Just sayin’, folks. Don’t fall for the narrative. Challenge it.

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8 Comments

  1. ericritter65 says:

    Eh, for those particularly bad a math, the minimum wage is zero. It’s called volunteerism. There should be no Ferderal nor State “minimum wage”, I say let the market determine the minimum wage at which someone is willing to do a particular job.

  2. joliesattic says:

    It’s all relative. We have the same situation here in southern California. I cannot believe employers insistent that people will work for minimum wage and they do, when the cost of homes are around $5K if they aren’t in the ghetto or high crime areas, that’s why they are fighting so hard for the “dreamers” to stay here.
    At that wage rate, it’s hard to find help that will stick around much less work.

  3. joliesattic says:

    Sorry, I meant $500K not 5K

  4. Tony says:

    San Francisco is now a big factor in the automation of fast food places. When they force businesses to pay above market prices, something has to give. So, they are in fact pricing out of the market the people they want to help most. You gets what you pays for..

    • bgddyjim says:

      That’s a fantastic point. The way it works out there, and Jolie’s comment above backs this up, under their system, the middle class is forced out entirely, so all you have left is the super rich and the ultra poor. From a narrative perspective, it’s ironic. Not so much from a realistic perspective.

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