SEIU Presentation 050726
A Livable Wage for SFO’s Essential Workers How Rising Costs Have Overtaken Service Workers at a Regional Economic Hub SFO Wages SF Minimum Compensation Ordinance (MCO) $21.54 (Current) +$0.47 (July) Indexed to Regional CPI SFO Quality Standards Program (QSP) $22.04 (Current) +$0.47 (July) Linked to MCO ($0.50 above) Entry level union wage is the QSP rate Regional Living Wage MCO $21.54 (Current) QSP $22.04 (Current) 1 Adult No Children 1 Child 2 Children $33.71/hr $65.96/hr $91.57/hr Hourly Pay Necessary for a Living Wage in SF Metro Area (2026) 2 Adults (1 Working) No Children 1 Child 2 Children $44.27/hr $54.79/hr $57.97/hr 2 Adults (Both Working) No Children 1 Child 2 Children $22.13/hr $35.05/hr $46.70/hr Source: Living Wage Institute, San Francisco Metro (2026) Housing & Transportation MCO $44,803 (Annual) QSP $45,843 (Annual) Transportation (Annual) Housing (Annual) Combined San Francisco $11,711 $32,904 $44,615 Daly City $15,343 $34,404 $49,747 South SF $16,125 $36,204 $52,329 San Bruno $16,564 $37,152 $53,716 San Mateo County $16,481 $39,132 $55,613 Median Housing & Transportation Costs Where SFO Workers Live (2026) Source: Center for Neighborhood Technology, Housing & Transportation Affordability Index (2025) Falling Behind For-Profit Non-Profit Public 2026 $22.01 $23.50 $25.00 2025 $21.54 $21.55 $22.50 2024 $20.96 $20.25 $21.50 2023 $20.22 $18.93 $20.25 2022 $19.15 $17.90 $18.75 2021 $18.55 $17.34 $18.00 City & County of San Francisco Minimum Compensation Ordinance (2021-2026) +19% +36% +39% Downsides of current indexing… ? Regional CPI vs. National ? Costs can rise faster than CPI ? CPI is not always good at tracking actual rising costs ? Problematic political incentives Importance of SFO SFO is a major economic engine Direct impact (On-Airport, Cargo, Visitors) ? 139,700 jobs ? $19.1 billion in labor income ? $54.5 billion in revenue Indirect impact (Suppliers, re-spending) ? 108,000 jobs ? $12.2 billion in labor income ? $30.7 billion in revenue Airport-Generated Business Revenue Source: Economic Impact Study of SFO (FY 2024) Industry Record 2025 aviation all-time highs: ? Net Profits ($39.5 Billion) ? Revenue Passenger Miles (Demand) ? Revenue at Big Four airlines Consistent Opposition to Better Standards for Workers ? Los Angeles ? Miami ? DC ? Chicago ? New York /New Jersey ? Massachusetts ? Seattle ? Minneapolis ? San Francisco