4 ms·
The average home price in Seattle is over $670,000.[1] This requires a salary of $182,000 per year [2] or $87.50 dollars per hour. At $15 per hour, a full-time
by dpatru 9y ago
The average home price in Seattle is over $670,000.[1] This requires a salary of $182,000 per year [2] or $87.50 dollars per hour. At $15 per hour, a full-time worker cannot afford a house in Seattle. Therefore, to avoid the injustice of a homeless, full-time worker, the minimum wage should raised to at least $87.50 per hour.
[1] https://www.zillow.com/seattle-wa/home-values/ https://www.zillow.com/seattle-wa/home-values/
[2] https://www.redfin.com/how-much-house-can-i-afford?utm_source=google&utm_medium=ppc&utm_campaign=1001260&utm_term=kwd-37027506043&utm_content=115419081140&adgid=19054547780 https://www.redfin.com/how-much-house-can-i-afford?utm_sourc...
- epistasis 9y ago$670,000 is the average home price, not the minimum home price, so you're chasing the wrong goal. I would also argue that chasing home ownership for everyone, in a city, is the wrong goal. I don't care about owning a home, I care about saving for retirement, and living in a home that's adequate for my family. Home ownership is great for some, I encourage it, but let's not pretend that it's the only way to live.