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Current Events > Why is minimum wage the issue when high housing costs exist?

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--Zero-
01/11/22 3:55:51 PM
#1:


I keep seeing the debates over $15 hr or needing more per hour in general and attacking businesses for it. While there is nothing wrong with going over businesses that can afford to pay their employees more, why is high rent costs and higher home owning costs not the focal point?

If people could afford a roof over their head then $15 hr wouldnt be nearly as bad.

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Norman_Smiley
01/11/22 3:57:15 PM
#2:


Because the government has no interest in setting rent prices.

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Damn_Underscore
01/11/22 3:59:51 PM
#3:


Norman_Smiley posted...
Because the government has no interest in setting rent prices.

Why arent they interested in bulging more housing or cities though

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R1masher
01/11/22 4:00:04 PM
#4:


I dont play Civilization

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UnicornRaline
01/11/22 4:00:31 PM
#5:


--Zero- posted...
I keep seeing the debates over $15 hr or needing more per hour in general and attacking businesses for it. While there is nothing wrong with going over businesses that can afford to pay their employees more, why is high rent costs and higher home owning costs not the focal point?

If people could afford a roof over their head then $15 hr wouldnt be nearly as bad.
It is part of the talking points. The problem is that rent is typically not controlled by any kind of policy or regulation. It's controlled by essentially "How much can i charge for this and still get people to pay"?

you know, capitalism. The argument about minimum wage being too low is that, while inflation on prices over time is a known and studied thing, the amount people are making hasnt kept pace with the amount things cost. It isnt just rent or house payments, it's everything. I remember when I was a kid $100 at the grocery store would buy an entire cart full of food that would last my family of four a week. Now though? That same cart of food is close to $250.

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#6
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#7
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AngelicRadiance
01/11/22 4:08:09 PM
#8:


Because the government doesn't control rent prices but does control the minimum wage

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--Zero-
01/11/22 5:08:09 PM
#9:


Seems itd be easier to regulate apartment complexes than rental homes which is why I dont understand why those voices arent louder when these issues come up.

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s0nicfan
01/11/22 5:14:13 PM
#10:


--Zero- posted...
Seems itd be easier to regulate apartment complexes than rental homes which is why I dont understand why those voices arent louder when these issues come up.

There's a million studies on why rent control doesn't work. Rent control being a bad idea has been "selled science" for decades now.

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MorbidFaithless
01/12/22 6:37:55 PM
#11:


AngelicRadiance posted...
Because the government doesn't control rent prices but does control the minimum wage
Well, maybe they should? Is that so bad?

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