3 ms·
I’d like if the study would track the monthly rental prices for the lowest end of the rental market - studio apartments in subprime neighborhoods. I expect thos
by jmpman 2y ago
I’d like if the study would track the monthly rental prices for the lowest end of the rental market - studio apartments in subprime neighborhoods. I expect those landlords were the major beneficiaries of the minimum wage hike, and the actual workers were left with the same amount of monthly spare cash after rent.
- jmpman 2y agoI expect the slumlords are the major recipients of increased minimum wage, not the workers. In a perfectly inelastic market, such as Southern California housing, landlords can keep raising rents until the lowest end of the market can no longer afford housing.