For Laurie Thomas, a $15 minimum wage will likely become a reality in November.
That's when voters in San Francisco will cast their ballots ona plan to raise the wage from the current $10.74.It's widely expected to pass.
Thomas owns a restaurant management firm that has three fine dining establishments in the city. An industry veteran, she has one word for the challenges ahead: "daunting."
Not only would Thomas be required to raise the minimum wage to $15 within four years, she also has to allocate $1.63per hourforeach worker, which gets put aside for healthcare spending -- a city mandate.
California requires that waitstaff be paid minimum wage, unlike some states that allow tipped workers to be paid a lower hourly rate (and assumes tips will make up the difference).
If a $15 minimum wage comes to fruition, Thomas saidher prices would likely go up by at least 15% to 20%. She also said she'd have to figure out how to provide an acceptable level of service with less servers.