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For example let's say there is lots of local demand for a lunch for $4.99. As a restaurant I can't afford to pay a living wage and still serve lunch for $4.99,
by purplezooey 8y ago
For example let's say there is lots of local demand for a lunch for $4.99. As a restaurant I can't afford to pay a living wage and still serve lunch for $4.99, but on the other hand, there is a supply of poor, desperate people who will live in substandard, fire-hazard accommodations, or two hours drive each way that will take the job. This person will be miserable and unhealthy. Does our community let that occur on a widespread basis, or do we say, sorry, more density, affordable housing and transit must occur in parallel? What happens without regulation is more and more of the former, which we are seeing now.
- scarface74 8y agoSo you want your restaurant business to be subsidized by forcing landlords to take below market rates? If you can’t profitably make a business work at the prices that people are willing to pay, you would start your business elsewhere. If business can’t afford to hire people because the cost of living is too high, they will start locating elsewhere. The people and the jobs will move. Why does everyone have to live in San Francisco. Companies are already “rural sourcing” to cheaper parts of the United States where the cost of living is lower. There is no reason that software development and the startup ecosystem in particular has to be on the west coast.