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Yeah admittedly that judgement largely depends on where you live and the cost base. In my opinion, that wouldn't buy you much in SF or NY. For somebody located
by danielrhodes 11y ago
Yeah admittedly that judgement largely depends on where you live and the cost base. In my opinion, that wouldn't buy you much in SF or NY. For somebody located outside of a city, it could have a much bigger impact.
- pessimizer 11y ago3% of the country live in SF or NYC.
- danielrhodes 11y ago80% of the country lives in urban areas and this number is increasing.
- unprepare 11y agoSo you are assuming that all urban areas have a similar cost of living to san francisco?
- danielrhodes 11y agoNo. Is that what you want me to be saying so that you can tell me I have no idea what I'm talking about? :-P Let me make a few assertions: - The greatest benefits from a rise in minimum wage will go to those with the lowest cost of living. - Living in an urban area (dollar for dollar) is more expensive than living in a non-urban area. - Most minimum wage jobs exist in cities (according to Pew Research): http://www.pewresearch.org/files/2014/09/FT_14.09.08_MinimumWage_table.png http://www.pewresearch.org/files/2014/09/FT_14.09.08_Minimum... - To work in a city, it has become increasingly beneficial to live in close proximity or inside a city. Therefore, an increase in minimum wage, while certainly helpful, is going to have less of an impact than one would hope, simply because those who work minimum wage jobs have a higher cost of living by needing to be close to cities in order to work those same jobs.