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More accurate: “Minimum wage workers can’t rent a two bedroom and have 70% of their income left over.” Ok; rent a one-bedroom, have a roommate, whatever. Having
by centimeter 6y ago
More accurate: “Minimum wage workers can’t rent a two bedroom and have 70% of their income left over.” Ok; rent a one-bedroom, have a roommate, whatever. Having your own apartment with a guest room isn’t a reasonable thing to expect on the lowest tier of work available.
The lowest-value labor in the market being able to support a middle-class lifestyle isn’t a sane thing to expect, by definition. It’s tautologically impossible, unless you collapse middle-class and low-class lifestyle into the same thing.
- anm89 6y agoThis is not true. There is no law of physics guaranteeing some standard income distribution over a society. There at least hypothetically exists societies with very minimal or no income inequality although in practice this is extremely unlikely. The idea however that the bottom n% of some society have to skew with x deviation from the mean or median is not exactly correct. And the idea that some segment of society will always not be able to afford some amount nominally denominated in that society's currency is explicitly wrong.
- centimeter 6y agoA power law distribution is the expected organic distribution of income and wealth, due to the nature of scale free networks. Only in the presence of massive distortion is that distribution likely to collapse at current technology levels.