2 ms·
Not only that, high minimum wage doesn't actually make a minimum wage job any more livable than low minimum wage. Bay Area low skill wages are over $20-25/h alr
by ceeplusplus 4y ago
Not only that, high minimum wage doesn't actually make a minimum wage job any more livable than low minimum wage. Bay Area low skill wages are over $20-25/h already, but rent prices have risen to match (or in the case of rent control, the quality of housing declined exponentially to 1930s unmaintained shitboxes). Same goes for NYC, Seattle, LA, etc.
No reason to expect rent to not increase accordingly if minimum wage goes up to $25/h.
- dredmorbius 4y agoA land-value tax, or an equivalent which captures surplus rent values and returns them to the general common weal would also be required. The law of rent and iron law of wages are two ends of the lever. Both must be addressed.
- kitkat_new 4y ago> Not only that, high minimum wage doesn't actually make a minimum wage job any more livable than low minimum wage. This is wrong, because not all costs will rise proportionally to the minimum wage in general There is more to the costs of living than a rent