A study from home mortgage tracker HSH.com indicates the average worker in the San Francisco Bay Area needs to earn $137,129 a year to buy the median-priced home in the region, more than four times the salary required in the five cheapest metropolitan areas: Cleveland ($29k), Pittsburgh ($30k), St. Louis ($31), Cincinnati ($31) and Detroit ($32k).
BART directors voted unanimously Thursday to give raises totaling about 3.7 percent this year to General Manager Grace Crunican and other top officials at the transit agency.
President Barack Obama made a brief stop Tuesday to browse the sweaters at a midtown New York Gap store to show support for the chain’s decision to increase wages for U.S. employees to a minimum of $10 an hour by next year. Obama wants Congress to raise the federal minimum wage to $10.10, but lawmakers have resisted.
It comes as no surprise that San Francisco and Oakland are top 10 among major United States cities for the earning gap between the haves and have-nots. However, you may be surprised to hear that San Jose ranks much lower among the 50 largest cities on income disparity, according to a Brookings Institute report.
Many California state employees received a boost this year after complaining of furloughs and salary cuts during the recession, with some of the largest bargaining units agreeing to raises of 2 to 3 percent annually over the next few years.
The legislation signed Wednesday will raise the current minimum of $8 an hour to $9 on July 1, 2014, and then to $10 on Jan. 1, 2016.
A Santa Clara County Civil Grand Gury The Alum Rock has found that the Alum Rock Union School District paid many of its teachers and administrators, including new and short-term employees, more than required by its contracts and rules— a practice that has cost more than $1 million over the last 10 years.
While most of these families are headed by single mothers, a growing number are married mothers who bring in more income than their husbands, according to a study released Wednesday by the Pew Research Center.
The San Jose City Council voted unanimously Tuesday to reject a proposed five percent pay raise for councilmembers.
The Golden State Warriors traded forward Jeremy Tyler to Atlanta and guard Charles Jenkins to Philadelphia in separate salary-slashing deals Thursday to get under the NBA’s luxury tax.