4 ms·
No, unfortunately for that idea raising the minimum wage simply raises the cost of living commensurately.
by jki275 7y ago
No, 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.