161–170 of 173 posts
Earlier quoted context omitted.
I must be missing something because to me that's literally the point - the minimum wage should cause other, more complex work wages to rise?
If all wages rise (and in turn, cost of living rises accordingly, because now people can afford to pay more rent), nothing will have changed.
I found this to be many words with little information. It largely boils down to "when Amazon increases wages, other employers follow suit, to varying extents." There was almost nothing about the myriad of other effects, including things like inflation, effects on already higher wage earners, effects on automation, and more. They touched on the increase in unemployment from competitors, but that was it.
Or the most critical consequence: rent. Rent goes up. Landlords get richer, minimum wage earners go back to poverty. Pretty obvious cycle. High paying employer moves somewhere? Rent goes up. Normal employer pays more? Rent goes up.
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I am a landlord! Breaking the cycle is a farce: why do you think it’s a cycle? It’s self-reinforcing and resilient to small changes (like a few landlords here and there delaying rent increases for a few years).
I’m a landlord too and this sounds suspiciously like an excuse for bad behavior. You can make a big difference in peoples lives by not being a greedy a*hole. Delaying rent increases for a few years can have huge positive impacts on individual lives. No it won’t change the system but a bad system shouldn’t be used to justify personal bad behavior.
Even if I hypothetically did raise rent with the market, I don’t find it compelling to say doing so is “bad” behavior. This is what a market is, and prices are very important for allocating resources. “If you’re a landlord, don’t raise rent” is not a society-level solution, let’s not waste too much time on it :)
I found this to be many words with little information. It largely boils down to "when Amazon increases wages, other employers follow suit, to varying extents." There was almost nothing about the myriad of other effects, including things like inflation, effects on already higher wage earners, effects on automation, and more. They touched on the increase in unemployment from competitors, but that was it.
Or the most critical consequence: rent. Rent goes up. Landlords get richer, minimum wage earners go back to poverty. Pretty obvious cycle. High paying employer moves somewhere? Rent goes up. Normal employer pays more? Rent goes up.
When wages increase, the costs of the landlord also goes up. Repairs costs increase, labor in the front office, and the landlord's personal costs increase.
Earlier quoted context omitted.
Rent goes up because of supply and demand. If a rich person moves into an area with a housing shortage, they will displace poor renters and rent will go up. But the problem is the housing shortage, a consequence of many years of terrible housing policy.
> Rent goes up because of supply and demand. And if people now earn more money they can pay more money to rent a house they want. This would force the people that are already renting there to also pay more, which they can afford because they now earn more money too. It seems feasible to me that landlords could eat up most of that wage increase.
I found this to be many words with little information. It largely boils down to "when Amazon increases wages, other employers follow suit, to varying extents." There was almost nothing about the myriad of other effects, including things like inflation, effects on already higher wage earners, effects on automation, and more. They touched on the increase in unemployment from competitors, but that was it.
Or the most critical consequence: rent. Rent goes up. Landlords get richer, minimum wage earners go back to poverty. Pretty obvious cycle. High paying employer moves somewhere? Rent goes up. Normal employer pays more? Rent goes up.
Earlier quoted context omitted.
Or the most critical consequence: rent. Rent goes up. Landlords get richer, minimum wage earners go back to poverty. Pretty obvious cycle. High paying employer moves somewhere? Rent goes up. Normal employer pays more? Rent goes up.
A reductive take. Where is the evidence that rent increase = wage increase?
What happens when you add a high-paying employer to a region (e.g. Amazon HQ2)? Whoa! Rent goes up and prices the people who live there out.
Obviously the reverse is not true. Increasing rent would not make more capital available for wages, it just puts enterprise out of business and individuals out of their homes.
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I haven’t raised my tenants rent since 2018 when I bought the rental. I just had him pay what he had been paying. Maybe you should be a landlord and help break the cycle?
How have your property taxes and/or insurance changed during that period? I have a rental (family living in it) where the insurance has changed a few percent in the last 5 years but the property taxes are up 5x. Yes, 5x in 5 years between the rate and appreciation. What started as a small net loss is getting bigger and bigger so I hope you're not in the same boat.
I propose that all landlords start offering two lease agreements. One that is let’s say $2000/month, and another that is $1600/month plus whatever property taxes are, which happen to be $300/month currently.
Then tenants might think twice before voting for higher property taxes since it will directly affect their rent instead of indirectly.
Earlier quoted context omitted.
> Rent goes up because of supply and demand. And if people now earn more money they can pay more money to rent a house they want. This would force the people that are already renting there to also pay more, which they can afford because they now earn more money too. It seems feasible to me that landlords could eat up most of that wage increase.
Exactly. Actually fairly self-evident when you think about it. Rent doesn’t go up because costs go up, it goes up because people’s ability to pay does.
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America is 3,531,905.403 square miles large, and the majority of us choose to live in under 100,000 of it. Maybe that too also contributes to these issues. You may fashion yourself to be virtuous enough to not charge more when you so easily can, but we shouldn't assume everyone will be.
Is it a choice that a liberal homosexual doesn't want to live in Tennessee but moves to New York or California? Unless there's a Khmer rouge regime in America that forces the intellectuals to move to the countryside at gun point most of the country will remain empty.