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The "127 hours worked at Federal minimum wage to afford the median rent" is an abuse of statistics in service of a narrative. Literally 50% of all rentals are l
by jandrewrogers 7y ago
The "127 hours worked at Federal minimum wage to afford the median rent" is an abuse of statistics in service of a narrative. Literally 50% of all rentals are less expensive, and presumably a poor person would be living in one of those. How many hours for the 20th percentile rent? That would actually be insightful.
I wonder how many hours of minimum wage I would need to work to afford a new BMW.
- coldtea 7y ago>The "127 hours worked at Federal minimum wage to afford the median rent" is an abuse of statistics in service of a narrative. Literally 50% of all rentals are less expensive There are tons of poor people making less than minimum wage (working less than 8 hours or on/off days/gigs (and still not counted as unemployed because of those). People also need to pay way more than the rent alone (food, utilities, children, commuting, health costs, and so on).
- bitxbitxbitcoin 7y agoWorking less than 8 hours doesn't mean you're making less than minimum wage if your hourly rate is minimum wage. If you take gigs that work out to a lower hourly rate than minimum wage, that's a different story though.
- coldtea 7y ago>Working less than 8 hours doesn't mean you're making less than minimum wage if your hourly rate is minimum wage. It means you're making less than 8 * minimum hourly wage each day, so those 127 hours stretch to even more than 15 days of your working month.