Quote:
Originally Posted by 2000cs
And of course this is a static analysis. The dynamic is once a “living wage” is achieved, all wages rise and prices inflate. So housing once again becomes unaffordable for those at the bottom. The dynamic effects are not uniform; some do better and some worse. But raising the minimum wage does not improve affordability after the economy adjusts.
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The COL was already insane before this min wage raise.
Wages, all round, have not kept up. That is one of the major problems.
Greed. It is all greed. The rich that run the show are just greedy.