Quote:
Originally Posted by Gantz
I don't understand the argument people are bring up about a person making min wage working at McDonalds and not being able to afford to live anywhere in the expensive metro area. Almost universally, min wage jobs, such as McDonalds, are ubiquitous and not specialized... this is not investment banking or tech start ups we are talking about here.
If you work in McDonalds in NYC and can't afford rent anywhere AND want to live by yourself... move to Wilkes-Barre or any other mid-size city and pay $350 for a 1br. There are McDonalds jobs in 200k people metros too. Chances are your work quality would improve, since it would be slower pace with less rude customers. Eventually, this will force McDonalds in NYC and all the other big corps who rely on low skill low wage labor to raise their wages significantly higher until the equilibrium between COL and wages is achieved. Government rent subsidies are just subsidizing big corporations and their low wages.
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I'm completely with you at the end.........
I would have no issue w/a lack of rent subsidy providing measure were taken to raise incomes.
Supply and demand should function to do this, but it can't in the contemporary world.
The reality is all the low-wage employees or even 1/2 can not flee NYC for less costly pastures.
Barriers from children, to aging parents are one set of reasons, but another is more simple, they can't afford the move, the first/last/deposit, the time and cost of changing over their ID/License to a different state etc.
Also, if having grown up in an area with high quality transit, they may have chosen not to obtain a driver's lic.
That, in turn, may limit them to a transit-friendly destinations. (or high cost metros).
It also may further limit their ability to move affordably.
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In the real world, as it is, not as anyone might organize it some ideal way; if you choose not to do rent supplements, you need to force income levels up.
The minimum wage is the most blunt tool, but there are others. Anything that constricts the labour supply will do.
That can be free/low-cost tuition and investments in HS graduation rates that see more young people stay in school longer, thus limiting supply of that demographic.
Or, it can be restrictions on hours for 'under 18s' (No work before 5pm or after 9pm on a school night, limit of 16 hour per week.
You can also mandate paid vacation, or increase said mandate.
Prohibit employers from requiring employee availability for a shift without guaranteed hours of some kind.
Or incent early retirement I would disagree w/the latter in a time of growing life expectancy, but it is a mathematical option.
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You can also seek to rebalance real estate prices by taking action like New Zealand just did, barring foreign ownership of residential property; or barring anyone from owning more than 2 properties in a high-cost metro; or raise down payment minimums.
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Some combination of actions is requires to ensure access to entry-level accommodation for entry-level wage earners.