San Francisco voters approve $15 minimum wage
San Francisco voted Tuesday to push its minimum wage to $15 an hour, the nation's highest.
The city will increase its minimum wage to $12.25 per hour in May 2015 and to $13 per hour in July 2016. After that, it will go up by one dollar every year until reaching $15 per hour in July 2018. A minimum wage of $15 an hour would bring a full-time employee's pay to $31,000 a year.
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