Posted on 01/31/2023 7:25:58 AM PST by ChicagoConservative27
Nationally, it takes nearly four full-time minimum wage workers to reasonably afford a two-bedroom rental.
Affordability for minimum wage workers is tightest in Austin. There would need to be over five full-time minimum wage workers to afford a two-bedroom rental in Austin.
In cities with a $7.25 an hour minimum wage, an average of over 3.5 full-time workers are needed to make the typical two-bedroom rental affordable.In cities with minimum wages set higher than that, an average of 2.5 full-time minimum wage workers are needed to make the typical two-bedroom rental affordable, despite many of these cities having higher-than-average rents.
Based on the federal minimum wage of $7.25 an hour, it would take nearly four full-time minimum wage workers to afford the typical national two-bedroom rental, spending a maximum of 30% of household wages on their rent payments. Renters have been squeezed by record-fast rent growth while incomes haven’t kept up and the country’s housing shortage has taken a toll.
(Excerpt) Read more at finance.yahoo.com ...
Illegal.
Invasion.
Americans Last.
Since the days of George W. Bush.
Except for 4 years of President Trump.
But the New World Order wouldn’t tolerate that.
How does a guy get laid under those conditions? Who wants one of them?
“...a two-bedroom rental in Austin...”
Move OUT of that liberal shithole, and find a cheaper apartment.
Minimum wage is meant for entry level workers....NOT families of 4 to thrive on!!!!!
Duh. The minimum wage can’t afford an average apartment. Who knew.
Hasn’t this always been the case for minimum wage workers?
F’n yahoo. We should do what the rats do just change the language. Just change it to starting wage because that’s what it is.
I’ll agree with you although I disagree on the premise. Virtually no one lives independently on minimum wage. It’s for high school starter jobs.
My daughter has a one-bedroom walk up apartment. Her rent is about the same as our mortgage payment.
That said, we choose to live in a modestly sized and priced home. I don’t see the value in being house poor.
[Affordability for minimum wage workers is tightest in Austin. There would need to be over five full-time minimum wage workers to afford a two-bedroom rental in Austin.]
Gee. What a surprise. /s
True. AND with the high demand for workers I doubt anyone in Texas is being paid the minimum.
If we don’t give free housing to illegals we are RAYCISS!
I challenge anyone to find a job that starts at the minimum wage.
Even convenience stores here are starting $15 or $17 overnight.
I have to tell you if you offered me $17 an hour in college with tuition reimbursement to boot (Another advertised benefit on the same poster.) I wouldn’t have seen one party in 4 years.
> Except for 4 years of President Trump. <
Trump wanted to bring industry back to America. You wouldn’t have to settle for a minimum wage job when factories are hiring with good wages.
But as you noted, the elite don’t want any of that. So Trump had to go.
‘Minimum Wage’ was never intended to be a ‘Living Wage’.
It was a starting point for trainees and teens on summer jobs to get experience to earn a higher wage.
Now, The Left has turned it into a means to get paid exorbitant wages for little or no work.
It is also a way to get their sycophant UNIONS a free wage increase by raising their pay scales automatically for no other reason than the minimum wage has gone up, so, by contract their wages go up as well by the same amount.
It is a DEATH SPIRAL to any country’s economy that is maddeningly locked into the ignorance of socialism.
It never ends until the nation collapses under the weight of its own stupidity.....................
Factories don’t make what they can’t sell
OMG!! Now 1/4# hamburgers are going to cost $3,345.29 each!!!
No need to read the entire article as its obviously promoting for a $50+ p/h minimum wage.
As it is, employers are already paying $14+ an hour out of necessity due to the Covid BS and lazy workers who were getting paid to stay home and smoke dope.
That would be a problem if unions were a threat. Since the private sector is 94% non-union I don't see this as a problem. It's not 1955 any more.
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