this post was submitted on 18 Jun 2023
58 points (95.3% liked)

Work Reform

9888 readers
362 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 1 year ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] Stopkilling0@kbin.social 2 points 1 year ago (1 children)

Why do people always compare minimum wage to average rent it makes no sense

[–] parrot-party@kbin.social 3 points 1 year ago (2 children)

Because average rent is pretty close to minimum rent anyway. Landlords charge "what the market will bear", which means there's not really much difference in price across the city. Sure some people will pay a premium for fancy housing, but they aren't getting minimum wage anyway.

[–] JasSmith@kbin.social 2 points 1 year ago

Because average rent is pretty close to minimum rent anyway.

That’s not correct. In a town with three houses for rent ($500, $1000, $1500), the average rent will be $1000.

I agree with the user above: if we’re comparing wages and rent, then at least compare the deciles appropriately. For example, the lower fifth decile with minimum wage. It could be proportional to the number of people in the area on minimum wage.

[–] toxic@kbin.social 1 points 1 year ago

I think he meant it should be median, not average.