Re:Minimum wage workers cannot afford rent in any U.S. state
by rayiner on Thursday July 16, 2020 @07:41PM
(#23865176)
Do you have any idea of the scale of the numbers you’re talking about here? 1/3 of the defense budget is nothing, about $250 billion. A UBI that’s double the cost of a 2BR in NYC would be $7,500 per month, or $540 billion per year for every adult in NYC. And NYC is just 2.5% of the country’s population. You’d have to cut 1/3 of the defense budget about 80 times.
[ Parent
| on HN ]
Re:Minimum wage workers cannot afford rent in any U.S. state
by gremlinsinc on Saturday July 18, 2020 @07:29PM
(#23885691)
wear are you getting those numbers?
This site shows $1700 for a 2br in brooklyn.
Re:Minimum wage workers cannot afford rent in any U.S. state
by bonestormii_ on Thursday July 16, 2020 @07:50PM
(#23865246)
It's almost as if $7,500/month for a 2BR apartment is ridiculous, no matter where it is.
Re:Minimum wage workers cannot afford rent in any U.S. state
by pb7 on Thursday July 16, 2020 @10:39PM
(#23866410)
It costs what it costs because of supply and demand. If you paid for people’s housing no matter where they wanted to live, everyone would move to highly desirable areas and $7,500 would look like pocket change because the demand would greatly exceed the supply.
Re:Minimum wage workers cannot afford rent in any U.S. state
by gremlinsinc on Saturday July 18, 2020 @07:27PM
(#23885682)
Maybe the government should instead invest in lowering demand by creating decent homes for < $1000 in a skyscraper or something in NY.
Seems to me the problem is a supply issue, and we just need a bigger supply. That's an easy solve.