the cost of living goes up with it, putting us back to where we started.
That’s the common argument, but that’s not what happened down in Mexico. They drastically raised the minimum wage (among a bunch of other reforms) and it had the result of lifting millions out of poverty in six years.
That’s a fair argument. In my personal experience, California raised the minimum wage by a fair amount, but rent skyrocketed soon after so a lot of people were back at square one.
EDIT: How this got -14 points is astonishing to me lol. I need to read about why this same thing didn’t happen in Mexico because that’s very interesting. Are you referring to this year’s minimum wage increase?
Landlords know they can squeeze another dollar out of you, so they do. Landlords shouldn’t be able to make a massive amount of profit, if they were forced to be non-profit then they’d probably not exist at all.
If the minimum wage in Texas does go up, who’s to say that the rent won’t go up even more? My claim was never that “rent only goes up if minimum wage goes up” but rather “if minimum wage goes up, rent goes up too.”
Like I said, feel free to move there then. Rent went up anyway so there’s no point keeping the wage low if it goes up anyway - might as well just raise wages.
That’s still not addressing the point of combating them from being able to raise the rent further. Why not address that issue first and then raise minimum wage after? That way the minimum wage will actually be a living wage. This problem arose from 50 years of shitty legislation and shitty people abusing the system. It requires a long term solution, simply chasing after short term gains isn’t good enough. What’ll happen a year after the minimum wage is increased? You think the leeches in the top .1% won’t try to find a way to suck every penny out of your bank account? You’re just transferring the money from the billionaire you work for to another billionaire instead.
That’s weird. It’s almost like greedy landlords used that as an excuse to jack up rent! I know housing skyrocketed in many places where the minimum wage remained flat. I’ve also personally witnessed it…
Exactly - They know they can squeeze another dollar out of you, so they do. Landlords shouldn’t be able to make a massive amount of profit, if they were forced to be non-profit then they’d probably not exist at all.
That’s the common argument, but that’s not what happened down in Mexico. They drastically raised the minimum wage (among a bunch of other reforms) and it had the result of lifting millions out of poverty in six years.
That’s a fair argument. In my personal experience, California raised the minimum wage by a fair amount, but rent skyrocketed soon after so a lot of people were back at square one.
EDIT: How this got -14 points is astonishing to me lol. I need to read about why this same thing didn’t happen in Mexico because that’s very interesting. Are you referring to this year’s minimum wage increase?
Minimum in Texas has been the same since Obama raised it nearly 20 years ago yet rents have still gone over triple in that amount of time.
Feel free to move there if you really believe your claim.
Landlords know they can squeeze another dollar out of you, so they do. Landlords shouldn’t be able to make a massive amount of profit, if they were forced to be non-profit then they’d probably not exist at all.
If the minimum wage in Texas does go up, who’s to say that the rent won’t go up even more? My claim was never that “rent only goes up if minimum wage goes up” but rather “if minimum wage goes up, rent goes up too.”
Like I said, feel free to move there then. Rent went up anyway so there’s no point keeping the wage low if it goes up anyway - might as well just raise wages.
That’s still not addressing the point of combating them from being able to raise the rent further. Why not address that issue first and then raise minimum wage after? That way the minimum wage will actually be a living wage. This problem arose from 50 years of shitty legislation and shitty people abusing the system. It requires a long term solution, simply chasing after short term gains isn’t good enough. What’ll happen a year after the minimum wage is increased? You think the leeches in the top .1% won’t try to find a way to suck every penny out of your bank account? You’re just transferring the money from the billionaire you work for to another billionaire instead.
That’s weird. It’s almost like greedy landlords used that as an excuse to jack up rent! I know housing skyrocketed in many places where the minimum wage remained flat. I’ve also personally witnessed it…
Exactly - They know they can squeeze another dollar out of you, so they do. Landlords shouldn’t be able to make a massive amount of profit, if they were forced to be non-profit then they’d probably not exist at all.