People who make the federal minimum wage of $7.25 an hour can’t find an affordable place to live anywhere in the country, says a new report from the National Low Income Housing Coalition.
Think about this for a minute.
Does this mean everyone who has a minimum wage job is homeless, since there is no place to rent on a minimum wage?
Obviously, the Coalition report is leaving out some factors, since nearly everyone working at the minimum wage has a place to live.
That is, they are young people living with their parents, they are sharing space with others, etc.
The scare report about the minimum wage and affordable space is dishonest. It implies a situation that is almost totally non-existent. The report takes factors, the minimum wage and rents, and blends them in a manner that real actors in the real world are obviously not, since real minimum wage earners are not in the homeless predicament that the Coalition raises as a great horror.
-RW
The New American Dream.
ReplyDeleteYou would think, without a mandated "living wage" ,we would have bodies piling up in the streets.
ReplyDeleteThe minimum wage is the where an intersection of corporatist and statist interests lie much like the coalition of "baptist and bootleggers" intersected on prohibition.
ReplyDeleteA higher minimum wage raises labor costs and makes it more difficult for smaller businesses to compete against large corporation who can afford to automate, and have more efficient supply chains.
And the statist and social engineers know that lower wage earners are more dependent on traditional social support groups, i.e..their families. The multi-generational family support networks are impediments to central planners efforts for social change. It has been observed that the older we become the more conservative our views are by comparison. There is no better history lessons than the ones taught to you by Grandma and grandpa.