Oh yeah. I never said that they are keeping up with COL, but they are doing something at least. I personally think that corporations should be banned from owning residential property, but I don’t believe the political will is there to actually manage to do that.
You can’t pay for rent in San Diego on a $40k/year salary.
Even slums are going for $2k/mo. And food plus utilities easily puts you over the line.
$20/hr only really works if you’ve got some kind of subsidy or second job.
Oh yeah. I never said that they are keeping up with COL, but they are doing something at least. I personally think that corporations should be banned from owning residential property, but I don’t believe the political will is there to actually manage to do that.
If the cost of living outpaced the wage rate, effective wages are falling.