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San Francisco Minimum Wage Hike Would Cut 15,270 Jobs

A proposal to raise San Francisco’s minimum wage to $15 an hour would cost about 15,270 jobs concentrated in the low-wage restaurant and food-service industries by 2019, according to the city’s controller.

While the plan to raise the wage in California’s fourth-largest city from $10.74 to $15 by 2018 would boost employee earnings and consumer spending, the additional expenses would discourage job creation, according to a report today by the Controller’s Office of Economic Analysis.