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Home › Forums › Other › OT: Minimum wage proposal in SD › 1) The increase will be over

March 8, 2016 at 2:22 PM #795429
meadandale
Participant

1) The increase will be over $5/hr when fully implemented (from $8 to $13.09)

2) This amounts to ~$7800/yr/employee. At $5/hr that’s about 1560 hours if the money was coming directly from wages. However this math ignores the additional payroll taxes that will accompany this increase. That could be where some of the discrepancy lies.