Post #1904435
2026-04-29 03:42 UTC
Replies (2)
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@backalleycoyote@lemmy.today 2026-04-29 04:05
I’d counter that without addressing price gouging, rent control/passive income, and pain in the ass scores are, raising minimum wage is a short term “win” that will quickly be erased as soon as inflation catches up and leases need renewed. Your bottom end apartment that was willing to rent to you for X amount because they know it’s a shithole now knows you make $25 an hour. If they were taking 2/3 of your income when you made it at $7.25, they’re going to want 2/3 of $25. The apartments that were renting to people making $25 before are going to adjust to limit access to people making even more to keep the riffraff out. And credit providers won’t view this as a step-up for us, they’ll just raise the ceiling for approval. They might have given you a home loan if you were making $25/hr in a $7.25 world, but now everyone makes that, sorry! It’s the illusion of progress because it only addresses one facet of what needs to be done. I’d rather see a world where $7.25 is a living wage because the exploiters were cut off from their practices than one where we pretend like giving the masses “more” is the solution.
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@BlackLaZoR@lemmy.world 2026-04-29 13:55
Shouldn't this be resolved on state level? Don't you vote on local politicians every few years? Minimum wage seems like part of local economic policy that should be decided based on local factors. Like cost of living and competitiveness of local economy.