Post #1904438

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.