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There is no logic to it. If you raise the minimum wage (not necessarily a bad thing, but in terms of the effect on housing affordability...), with housing suppl
by onezerozeroone 12y ago
There is no logic to it. If you raise the minimum wage (not necessarily a bad thing, but in terms of the effect on housing affordability...), with housing supply remaining fixed, it would either do nothing (people making FAR more than minimum wage already cannot afford a home) or demand would simply increase and prices would go up further.
- NoMoreNicksLeft 12y agoThere is no logic in politics. What matters is that they come up with a soundbite that is appealing enough to help them get elected.
- balor123 12y agoI believe this Futurama quote about summarizes it: "Hi! Today some bad things happened. One bad thing was a train got crashed in New Jersey. Wanna see? People won't be late for work though, because the governor lady said, "I'm sending in more trains!" [Another train crashes into the wreckage causing a massive explosion]"