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Minimum Wage Still Can’t Pay For A Two-Bedroom Apartment Anywhere

citylab.com

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Re: Minimum Wage Still Can’t Pay For A Two-Bedroom Apartment Anywhere

#6

It seems that minimum wage is not, in fact, supposed to support a person 100%, not especially a family.

I am not sure why people think minimum wage must be enough to afford a two-bedroom home. Ideally minimum wage should comfortably allow one person to support... Themselves, minimally. Which means a studio or one bedroom.

People should not aim to remain at minimum wage long, but use it as an entry point for somewhere better.

Re: Minimum Wage Still Can’t Pay For A Two-Bedroom Apartment Anywhere

#8
This article like so many others makes a critical mistake in using a median price for minimum earners.

A minimum wage earner is not and should not be in the market for a median priced home.

A median wage earner would pursue a median priced home.

A bottom quartile earner would pursue homes priced in the bottom quartile. Not the median.

The title of this article is false. Minimum wage earners can often afford two bedroom homes priced at the lower end.

Re: Minimum Wage Still Can’t Pay For A Two-Bedroom Apartment Anywhere

#9

It seems that minimum wage is not, in fact, supposed to support a person 100%, not especially a family.

I am not sure why people think minimum wage must be enough to afford a two-bedroom home. Ideally minimum wage should comfortably allow one person to support... Themselves, minimally. Which means a studio or one bedroom. People should not aim to remain at minimum wage long, but use it as an entry point for somewhere better.

Why not? Why shouldn't it? Why is this the proper state of things?
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