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this post was submitted on 13 Mar 2024
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The minimum wage, if it's to be a liveable wage, should be set to some multiple of the median rent in an area. (Min Wage) x (0.30)=(Median Rent). Updated every year or two.
In my area...
https://www.zillow.com/rental-manager/market-trends/los-angeles-ca/
So hourly should be $55.
Even for me that's a bit. Let's say the median household has two income earners, so base it on that. If you're solo you can get yourself some sweet studio or whatever. So, basing the minimum income on two incomes and median rent would make minimum wage $25. That is right on the money! Nice. That's what I've seen several reports say minimum wage should be if it kept up with inflation over the decades.
Median rent for my area just to the south is $3,586.
https://www.zillow.com/rental-manager/market-trends/orange-ca/
We are always told/taught not to spend over 30-40% of our income on housing. Hard to do if minimum doesn't keep up.
If the minimum wage were tied to housing costs, employers would demand housing cost regulations.
Now there's an idea.
Won’t anyone think of the landlords?
I like this idea.
Can we fucking not?
I'm so goddamn sick of society REQUIRING 2 incomes... Even your flippant disregard for single people. I'm not a desirable person for one reason or another, I'm perpetually single and I'm fucking sick of having to bounce from basement apartment to garage apartment, paying someone else's mortgage, because I can't afford homes on a single income...
How about we readjust how we define economic health based on one income. Why should 2 people be required for 1 "normal" life?
I'm OK with that too, but you know all the sayings. How do you eat an elephant? How do you start a 1,000 km journey? And so on. We are so far from a healthy work/life balance at the moment that I have trouble imagining what one would look at. I apologize profusely for not taking my dreams that much further. Sorry to offend. I guess after being a single parent for a couple of decades and barely scratching by the entire time while making significantly more than minimum wage has beaten down my idealism a bit.
agreed. make the rich personally invested in the provision of cheap housing