Live data from Hacker News

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

citylab.com

51–60 of 168 posts

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

#51

Earlier quoted context omitted.

> Minimum wage earners can often afford two bedroom homes priced at the lower end. [citation needed] Looking around the bay they appear to simply become homeless, especially if there's any interruption in work, and if they're lucky they're able to move away before this happens.

Obviously not in the Bay Area. People making six figures can't afford homes in the Bay Area. But homes are cheaper almost everywhere else in the US.

...and that's the economy working, where you can be run out of the city because a rich person wants your house?

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

#52

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 bedro…

If you read the report, they define the rent prices for housing wages as 40th percentile of standard quality homes. Not bottom of the barrel but definitely lower than median across all homes. I think it’s a fair measure.

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

#53
post #32

Earlier quoted context omitted.

Eh I'm not positive it should even be able to support a single person... Why do we insist on raising the bar for employment so high? If a 16 year old wants to get their first job, they shouldn't be required right of the bat have a productive output sufficient to support themselves. That's not the point of minimum wage jobs - or at least it never was until we started arbitrarily setting a minimum value.

That's all well and good if 16 year olds are the only ones making minimum wage. And if their parents haven't kicked them out of the house already because they got pregnant too early. Or have a sexual orientation that their parents don't agree with. Or..

Do we need to handle those edge cases by mandating what employers have to pay ALL employees? Maybe there is a better way to help people in needy situations without distorting the labor market for everyone.

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

#55

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 bedro…

they also exaggerate by omission the number of people earning these wages, their ages, and the income of other family members.

the housing cost problem is wholly created by government and instead of working to fix it too many cities keep doubling down on making it harder to create new housing, affordable or not. combine the housing cost with the high costs of government services, licensing fees, and other regulatory fees, and the lower class is further in the hole.

one issue is there is no reason for politicians to fix this issue, it is too hot button to have a true remedy and worse is a fantastic source of income for patrons and relatives through various special interest groups which exist to absorb funding from programs supposedly working to solve the issue. instead end up raising legal challenges in exchange for pay outs either in direct settlement or advisement roles all of which end up pushing costs of solutions too high to implement.

Seattle only recently upzoned many areas of the city to permit building denser housing however they may end up sabotaging it through rent controls which have been shown to be another method of limiting new housing

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

#56

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 bedro…

The article starts out talking about median rents, but the data they use is based on something called Fair Market Rent. There’s a link in there explain it.

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

#57

Earlier quoted context omitted.

Because it in no way makes sense for someone to hire a first time employee who still lives with their parents for a zero skill job at the rate of "enough to afford a two-bedroom house".

Isn't there a huge conceit that that's who earns minimum wage? Looking around my local wal-mart, it would appear many people first entered the job market at weird times in their lives.

Walmart's starting pay is $11 now, so they aren't even at minimum wage anymore.

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

#58

Earlier quoted context omitted.

Obviously not in the Bay Area. People making six figures can't afford homes in the Bay Area. But homes are cheaper almost everywhere else in the US.

...and that's the economy working , where you can be run out of the city because a rich person wants your house?

Yes?

Supply and demand is basically the fundamental law of economics.

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

#59

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 bedro…

They aren't saying that --they state the minimum wage worker would have to work 122 hours to afford that. Which is three jobs.

I have first hand experience with this crisis. I live in a reasonably priced area and make (with my spouse) about three times the minimum wage and I can barely afford to live anywhere. Basically one large unexpected cost could sink us into homelessness.

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

#60

Earlier quoted context omitted.

Obviously not in the Bay Area. People making six figures can't afford homes in the Bay Area. But homes are cheaper almost everywhere else in the US.

...and that's the economy working , where you can be run out of the city because a rich person wants your house?

No, that's NIMBYist government regulation preventing the economy from working by building high density housing in a city that needs it.
Post reply on HN