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Why is rent up by 100% but minimum wage is only up by ~17% over 10 years?
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Jun 7, 2015 04:11
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clammy posted:Why is rent up by 100% but minimum wage is only up by ~17% over 10 years? Because the increase is exponential.
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Jun 7, 2015 04:24
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Mo_Steel posted:Because the increase is exponential. wage increase seems more logarithmic than exponential to me
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Jun 7, 2015 04:27
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There's a thing for this now.
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Jun 7, 2015 04:35
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clammy posted:wage increase seems more logarithmic than exponential to me Maybe you're thinking quadratic?
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Jun 7, 2015 04:58
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clammy posted:Why is rent up by 100% but minimum wage is only up by ~17% over 10 years? Short answer: historical low interest Fed interest rates combined with mediocre dividend returns on the market means you have a lot of money going into the 'safe bet' of rent-seeking in real estate. These same conditions are also why silicon valley startups are receiving absurd injections of venture capital leading to valuations that can't be described as anything other than 'silly'
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Jun 7, 2015 05:24
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It's a real mystery OP.
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Jun 7, 2015 05:30
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We kept the minimum wage low to keep the cost of living low so you can live like a king on $7/hr. You're welcome op.
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Jun 7, 2015 07:26
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Because life is only fair for the people who have money and that is none of us it's guys Precise Associates Inc and that fellow Corcoran Group
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Jun 7, 2015 07:59
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Because people want to charge more for renting their buildings than they want to pay their workers.
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Jun 7, 2015 09:11
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Because the global economy is actually run by a cabal of accelerationists.
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Jun 7, 2015 09:44
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I bet OP owns a fridge 
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Jun 7, 2015 11:47
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Because house prices, unlike wages, can never go down
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Jun 7, 2015 12:02
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Because Ricardo was right and Smith and Marx weren't.
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Jun 7, 2015 12:05
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clammy posted:Why is rent up by 100% but minimum wage is only up by ~17% over 10 years? Because the rent is too drat high.
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Jun 7, 2015 12:06
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because rentiers are more important than workers because hey, theyre parasites *with money*
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Jun 7, 2015 13:32
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Because lots of people want to live in the same spot but there's not enough housing to accommodate them all. And because legislators have decided to set minimum wage at a certain level.
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Jun 7, 2015 13:59
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If minimum wage is increased everything will cost more, such as rent
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Jun 7, 2015 14:01
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The market is a human construction so let's mandate lower rent.
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Jun 7, 2015 14:30
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Munich put a rent cap in place recently http://www.theguardian.com/world/2014/sep/23/germany-imposes-rent-caps-inner-city-properties
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Jun 7, 2015 14:36
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hallebarrysoetoro posted:If minimum wage is increased everything will cost more, such as rent - An idiot Funny how everyone is so very, very concerned about the burger flippers possibly living above their station in life while the ridiculous salaries of VC-funded fart app programmers fly right on by
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Jun 7, 2015 14:43
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asdf32 posted:The market is a human construction so let's mandate lower rent. A good idea
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Jun 7, 2015 14:59
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Exclamation Marx posted:Munich put a rent cap in place recently From that article: quote:A tenants’ group welcomed the move but said: ‘The real problem at the heart of Germany’s housing crisis is a shortage of new properties.’ It's great that people there seem to recognize that a housing shortage is the problem, rather than those evil fart app programmers 
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Jun 7, 2015 15:05
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Radbot posted:- An idiot The market decided fart app creators are just more important than burger flippers. 
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Jun 7, 2015 15:20
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Are fart app programmers evil gentrifiers who will be first against the wall, as e-communists love saying, or are they actually self-deluded proletarians who can't see the surplus labor being wrung from them, as e-communists also love saying? Perhaps both???
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Jun 7, 2015 15:27
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The consecrated computer programmer must not be desecrated by the e-evil e-communist, and I will not hesitate to risk flames, killfiles, and spamming in my defense of them.
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Jun 7, 2015 15:31
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Poor people reproduce faster that wealthier job creators, so there aren't enough jobs or housing for all the poor people. Robots are replacing traditional manual labor positions at alarming rates. Simply put, the value of manual / uneducated labor is falling because there are more people in the world (supply) and less demand.
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Jun 7, 2015 15:41
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Effectronica posted:The consecrated computer programmer must not be desecrated by the e-evil e-communist, and I will not hesitate to risk flames, killfiles, and spamming in my defense of them. Fool, you eschew the true proletariat cause for these lumpenproletariat scum, who fancy themselves members of the bourgeoisie but who fail to recognize that their success is yet predicated upon the broken system of capitalism? Truly you are no friend to the working class, have you forgotten the truth? No war but e-class war. 
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Jun 7, 2015 15:54
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Everyone keeps pointing to a lack of housing as the issue, and we live in a free-ish market economy, and yet - there is no new affordable housing being built. It's almost like that's not the whole issue.
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Jun 7, 2015 16:22
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Instead of complaining just buy a house and rent it to someone for far more than it costs in mortgage payments, then buy a few more and repeat. There, problem solved (for you).
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Jun 7, 2015 16:25
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Radbot posted:Everyone keeps pointing to a lack of housing as the issue, and we live in a free-ish market economy, and yet - there is no new affordable housing being built. It's almost like that's not the whole issue. Where is housing not affordable? NYC? Some parts of California? The examples that come to my mind involve legal restrictions on supply. It's almost like that's the entire issue
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Jun 7, 2015 16:30
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Because when it's too expensive to buy demand for rent goes up, when rent gets too high people try to buy instead. Many cannot. There are no downward pressures, only the landed gentry further exploiting the working class.
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Jun 7, 2015 17:44
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If we have a $15 billion/second minimum wage do you have any idea how expensive rent would be?
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Jun 7, 2015 17:58
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A return to the predominance of property holder/rentee relations is the form of late stage capitalism.
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Jun 7, 2015 18:01
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Have you thought about maybe, just maybe, stop being part of the 99%?
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Jun 7, 2015 18:05
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Rorus Raz posted:I bet OP owns a fridge I only own a mini fridge 
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Jun 7, 2015 18:11
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Beacuse the more wal-mart pays out in wages the more their stores close.
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Jun 7, 2015 18:15
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I unironically believe that the government should ensure that there is always so much housing in major metro areas that, even if every person had their own 600sqft condo, 10% of it would be empty just because there wouldn't be enough to fill it. Supply should be inflated by the government instead of constrained. Ideally, these would be built by the government and there would income quotes forcing rich people to live in the same buildings as poor people and all buildings would be nice and modern instead of being big, cheap-looking brown boxes that nobody would want to live in.
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Jun 7, 2015 18:16
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EB Nulshit posted:I unironically believe that the government should ensure that there is always so much housing in major metro areas that, even if every person had their own 600sqft condo, 10% of it would be empty just because there wouldn't be enough to fill it. Supply should be inflated by the government instead of constrained. Also all building should be mixed use to encourage better neighborhood design along with requirements for fresh food availability,
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Jun 7, 2015 18:24
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| # ? May 7, 2024 19:12 |
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Series DD Funding posted:Are fart app programmers evil gentrifiers who will be first against the wall, as e-communists love saying, or are they actually self-deluded proletarians who can't see the surplus labor being wrung from them, as e-communists also love saying? Perhaps both??? They are digital peasants, so they are simultaneously exploited and reactionary. They will be put against the wall, but only for their own good. 
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Jun 7, 2015 18:24
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