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"an example would be increasing the minimum wage, $15 an hour gets thrown around and would provide workers with a living wage" Not in most of California or any
by lightedman 7y ago
"an example would be increasing the minimum wage, $15 an hour gets thrown around and would provide workers with a living wage"
Not in most of California or any other 'wealthy' state, it wouldn't. I know people making $18/hr and more than half of their post-tax income is going to rent ALONE.
- toomuchtodo 7y agoSuper HCOL locations aside, it’s a solid start for most of America.
- jki275 7y agoNo, unfortunately for that idea raising the minimum wage simply raises the cost of living commensurately.
- toomuchtodo 7y agoThat has not been born out in data from Seattle and Washington DC where the minimum wage has been raised.
- lightedman 7y agoIt certainly bears out here in California where every year our wage increases are immediately followed with a rent increase. I'm the person paying literally the cheapest apartment rent in the entire county, because of being grandfathered in due to long tenancy. $1300/mo. Everyone else in the same complex, for fewer or the same amenities, pays easily $300 more. Rent everywhere else runs about $1800 and quickly rising.
- lightedman 7y agoWhen wages increase, so do prices. Happens every time. So I really don't think that's a solid start for America, at all.