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A comment on U.S. rent has increased 175% faster than household income over past 20 years. Parent comment

Re:U.S. rent has increased 175% faster than household income... by ultrasaurus on Friday March 26, 2021 @04:56PM (#26596844)
Just eyeballing it looks like only 25% of the US population lives in states where the federal minimum wage is also the prevailing minimum wage: https://www.dol.gov/agencies/whd/minimum-wage/state

So I'd guess closer to 10% of people make the minimum wage in their jurisdiction (1.9% x 4 + I assume more people make min wage when it's higher)

Very interesting though that 3x as many people make below the min wage as actually earn the "minimum" wage.

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Re:U.S. rent has increased 175% faster than household income... by rsj_hn on Friday March 26, 2021 @05:03PM (#26596906)
Those below the minimum wage are exempt workers such as waiters because they earn tips, and I guarantee you that their real income (on average) is much higher than minimum wage, but data is hard to come by as much of that income is unreported. Thus the 2% figure is a generous over-estimate.
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