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Is it the wages or that shitty one bedroom apartments go for $2000+
Is it the wages or that shitty one bedroom apartments go for $2000+
Cost of money (inflation), building, and maintenance is the floor for rents.
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> You know even on 2008 Krugman, who is known for making predictions that end up being wrong, was saying immigration depressed wages of Americans. Do you have evidence of this claim?
My bad, it was 2006.
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Meanwhile Canada just speedran this.
Heck, in 2000 the median household income in Canada was around US$32K [0] compared to US$42K in the US [1] despite CoL being roughly the same or higher.
If you want a boogeyman for why Canada stagnated, ask why your political class (both Conservatives and Liberals) turned energy in what is a de facto petrostate into an ideological war while American governers on both sides of the aisle backed both fossil and green energy projects (eg. Rick Perry and wind, Jerry Brown and oil in Bakersfield).
[0] - https://www150.statcan.gc.ca/n1/pub/82-221-x/2006001/t/41506...
[1] - https://www.census.gov/library/publications/2001/demo/p60-21...
Is it the wages or that shitty one bedroom apartments go for $2000+
one bedroom (and living alone) is a luxury and always has been
Rent for one bedroom apartment was 500$ in 1998, cold / hot water included other utilities are extra.
I was making 35K back then and it was enough to afford relatively good living - car, groceries, gas, occasional meal for 2 at a restaurant.
And gas was 35cents on the Wet Coast of Canada.
Is it the wages or that shitty one bedroom apartments go for $2000+
Why not both? Wages are too low and rents are too high. The common factor: the capital class screwing over the working class.
Is it the wages or that shitty one bedroom apartments go for $2000+