|
|
|
|
|
by tzs
1740 days ago
|
|
They compared minimum wage to median housing costs, and found that minimum wage is not enough to afford median housing. But isn't this exactly what we'd expect? You can't have everyone able to afford housing that is in the top 50% of housing costs (except possibly in Lake Wobegon). This seems like the housing equivalent of those periodic "richest N% have M% of the wealth" where M > N stories that present that as something obviously bad when in fact in any population where there are variations in wealth it is mathematically necessary that the top N% has more than N% of the wealth. |
|