The Effects of Major Retailers Raising Their Minimum Wages • Hacker News Board

Re: The Effects of Major Retailers Raising Their Minimum Wages

#171

Post by mostertoaster » Thu, Dec 09, 2021, 4:29 PM UTC

InitialLastName wrote: post #79

mostertoaster wrote: post #47

Earlier quoted context omitted.

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?

If your tenant moved out and a new one moved in, would you charge more? Macroeconomic shifts seem like they would be biased towards transient transactions, and resisted by steady-state.

Probably. Though the last time that happened I didn’t. The family had less income, so while I was losing more money now due to property taxes, my income had gone up so it was kind of a wash.

Re: The Effects of Major Retailers Raising Their Minimum Wages

#172

Post by mostertoaster » Thu, Dec 09, 2021, 6:18 PM UTC

matsemann wrote: post #121

mostertoaster wrote: post #107

Earlier quoted context omitted.

There will always be those who have and those who do not, the weak and the strong, the poor and the rich. The question is, will those with power (money, connections, education) use it to gain more for themselves or to lift up the poor. The idea that a homeless person’s problem is just, that they can’t afford rent or a mortgage is absurd, and would just prove that you’ve only ever dealt with homeless people at an abst…

I never talked about homelessness. I had young renters in mind, wanting to buy but seeing the prices skyrocket away.

Ahh I see. I’d probably consider selling my house cheaper to tenants if they’re good.

Though I guess this is a little bit of the “to he who has more will be given, to he who doesn’t have, even what he does have will be taken from him”

Re: The Effects of Major Retailers Raising Their Minimum Wages

#173

Post by ethanbond » Fri, Dec 10, 2021, 1:11 PM UTC

BirdPlusPlus wrote: post #169

ethanbond wrote: post #165

Earlier quoted context omitted.

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.

Consider how widely available high-speed broadband through Starlink might change some of these things once that makes living in the interior of the country more desirable. I think we may end up seeing a sort of reverse of the industrial revolution's migration pattern over the coming decades.

Totally possible! I hope we actually see small walkable enclaves throughout the country. Like the little mountain resort towns, but kept afloat by residents rather than tourism. Jobs are a big part of the equation with living in a city, but definitely not the only one. Food, arts, other cultural artifacts that people who live in cities care about are harder to move across the web for sure.