To everyone saying, "this will kill low wage jobs", most companies already outsource their low wage jobs. Their janitors and cooks and maintenance people are already via contractors. Their lowest paid employees are most likely their admin assistants at $50K a year.
So basically this is targeting companies whose CEOs make over $50M a year, which is basically Twitter, Pinterest, Google, Facebook, Uber and a few others that actually have an office in San Francisco.
And I'm sure Google and Facebook et. al will fight them over how much money they "make" in San Francisco.
So basically this is targeting companies whose CEOs make over $50M a year, which is basically Twitter, Pinterest, Google, Facebook, Uber and a few others that actually have an office in San Francisco.
And I'm sure Google and Facebook et. al will fight them over how much money they "make" in San Francisco.