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Job centers are damaging themselves with high cost of living. It easily offsets the increase in wage. They valley is a great example of this, if you're moving t
by MatthewPhillips 15y ago
Job centers are damaging themselves with high cost of living. It easily offsets the increase in wage. They valley is a great example of this, if you're moving there for the first time you might get, what, 80k, which is equivalent to 55 or 60k in anywhere that's not California or New York. It's hard to justify a move when you see your standard of living dipping a little until you can establish a reputation that warrants higher wage.
- pchristensen 15y agoThis short ebook explains it extremely well: http://www.amazon.com/The-Rent-Damn-High-ebook/dp/B0078XGJXO/ http://www.amazon.com/The-Rent-Damn-High-ebook/dp/B0078XGJXO... Basically, prices are so high because that is where building supply is constrained. This book http://www.amazon.com/Gated-City-Kindle-Single-ebook/dp/B005KGATLO http://www.amazon.com/Gated-City-Kindle-Single-ebook/dp/B005... explains the nationwide economic consequences of constraining housing supply (and thus rising prices) in the most economically productive areas.