Re:Minimum Wage Still Can’t Pay For A Two-Bedroom Apartment ...
by baron816 on Wednesday June 19, 2019 @02:28PM
(#20225840)
The article starts out talking about median rents, but the data they use is based on something called Fair Market Rent. There’s a link in there explain it.
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Re:Minimum Wage Still Can’t Pay For A Two-Bedroom Apartment ...
by throwaway98434 on Wednesday June 19, 2019 @02:33PM
(#20225904)
FMR is a close to median value. From the linked definition:
"The FMR is the 40th percentile of gross rents for typical, non-substandard rental units occupied by recent movers in a local housing market"
Minimum wage is not a 40th percentile income.