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by roenxi
1740 days ago
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Furthermore, since this article seems to be in support of raising the minimum wage, if there is literally no place to rent then raising the minimum wage doesn't do much. There is literally-literally no marginal housing stock available to rent. It is like if a merchant has 4 saucepans and 5 people who want to buy a saucepan. It doesn't matter how much money the people have. They cannot all get a saucepan. The housing market is much more complicated by but $15/hr isn't going to fix that sort of problem; if it exists. Where would the extra housing stock for the workers come form? |
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