SAN FRANCISCO (CBS SF) — San Francisco voters on Tuesday overwhelmingly approved Proposition J, which raises the minimum wage for employees to $12.25 per hour on May 1, 2015 — with annual increases that would reach $15/hr by 2018.

With 585 of 597 precincts reporting, Yes votes outnumbered No, 122,058 to 36,801.

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Passage of Prop. J would also lead to annual cost-of-living increases to the minimum wage after 2018.

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