This past Sunday, July 1, 2018 San Francisco became the first major city to approve a $15 minimum wage increase. However, despite the increase, data suggests that this $1 increase will not even come close to mitigating the high cost of living in San Francisco. With the new $15 minimum wage people will need to work about 23 hours a day for 7 seven days to live comfortably.
According to the federal government, a family of 4 with an annual income of $117,400 living in San Francisco, San Mateo and Marin counties are now considered being low income. This figure may seem surprising but it becomes more comprehensible when one looks at the cost of housing alone.
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Civil Code 1927 