LogFAQs > #910602066

That map is off btw. For instance Manhattan NY is currently at 13.50 min wage and will be at $15 at the end of this year (rest of NY is going up to 13.50 I believe at the same time).

But anyway, sadly min wage increases have had drastic effects on the cost of living and especially on the cost of renting/housing in the areas where it has happened suddenly, causing serious housing problems not only for those who used to be earning min wage, but those who had been making significantly more then min wage in the past.

Those who started at companies making min wage or close, and slowly increased their wages over 10 years? Suddenly Min wage was actually higher then what they were making, but the cost of living went up, enough to make both them, and the people who used to make less, end up having less disposable (if any) income.

In my area, Min wage went up only $2 an hour, but within a few years of that increase rental costs almost doubled (from $600-$700 for a 1 bedroom to about $1000-$1200).

Considering a 2$ increase at 40 hours a week that is an extra $80 a week our around $320 more a month IF you were already making only min wage before.

Meanwhile just cost for rentals increased by at least $400 on average, and other expenses increased as well.

Net result? Less money for people who needed it the most, and more taxes (much more actually) for the government. Increasing min wage does very little at all for most workers, but does increase taxes collected significantly.

The real solution should be to reduce and restrict the cost of housing/renting or provide government supported low rental units (not slums, no section 8 housing etc, just apartment complexes with $600 a month rental units (for 1 bedroom) and $800 a month for 2 bedroom.

AFTER ensuring housing costs do not skyrocket, then start working on boosting wages, but only once it will not drastically affect the cost of living as well.
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"did you steal my f***in signature" Helly