§ 70-806. Living wage required.
(1)
Every covered employer shall pay covered employees no less than the living wage for all hours worked as a covered employee. The living wage shall be $10.55, plus any applicable adjustment provided in subpart (2).
(2)
The living wage shall be annually indexed to inflation as defined by the Consumer Price Index calculated by the U.S. Bureau of Labor Statistics as applied to the South Region, except in no instance shall the living wage be adjusted downward. The first indexing adjustment shall occur on July 1, 2017 using the Consumer Price Index figures provided for the calendar year ended December 31, 2016, and thereafter on an annual basis.
(3)
The designated department shall make the current living wage rates publicly available, including on the city's website.
(M.C.S., Ord. No. 26521, § 1, 8-6-15)