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At a population level that's where rent increases to extract every spare cent from workers. Sure an individual worker can earn more and spend less, but at scal
by iso1631 3y ago
At a population level that's where rent increases to extract every spare cent from workers.
Sure an individual worker can earn more and spend less, but at scale if everyone does that means that the excess money is taken by land owners.
- gabereiser 3y agoIt doesn’t have to be this way. It didn’t used to be this way. Rent control helps not just renters but keeps runaway property values from occurring due to renters. Without control to keep the industry from raising rents to 99% of what you can afford, we’ll continue to see what you describe. If I know humanity, it’s that they will always find the next sucker.