4 ms·
> > minimum wage is almost a political stunt. Rents will follow the increase > The studies I've seen demonstrate that it gets taken out of profits. Almost a di
by MaxBarraclough 5y ago
> > minimum wage is almost a political stunt. Rents will follow the increase
> The studies I've seen demonstrate that it gets taken out of profits. Almost a direct transfer from shareholders to the minimum waged.
Aren't these different topics? The wage hike might come out of profits, but that doesn't inform whether rent gets correspondingly more expensive.
- pydry 5y agoshrug apparently overall prices increase no more than 0.4% when minimum wage goes up 10%. Why would rent be different? Supply and demand would not be changed.
- jkmcf 5y agoDemand might go up with individuals moving out of shared housing. Many areas suffer from housing shortages, and no one wants to build affordable housing.