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A comment on Will the rich world’s worker deficit last?. Parent comment

Re:Will the rich world’s worker deficit last? by Cthulhu_ on Wednesday August 18, 2021 @04:12AM (#28218752)
Wage should be calibrated according to local cost of living. If average rent is $1400, wages after taxes should be $4200 - $5600 a month (3x / 4x rent) minimum. A $15 / hour minimum wage at a reasonable 40 hours / week only gets you $2400 a month, not even considering taxes.

And keep in mind, if you get paid minimum wage, your employer is telling you they'd pay you less if they could.

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Re:Will the rich world’s worker deficit last? by Fernicia on Wednesday August 18, 2021 @06:14AM (#28219353)
Or maybe we can just keep building houses until a $2400 salary can afford them their own apartment.
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Re:Will the rich world’s worker deficit last? by kwere on Wednesday August 18, 2021 @08:59AM (#28220434)
Land Is not a replicabile resource
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Re:Will the rich world’s worker deficit last? by jackson1442 on Wednesday August 18, 2021 @09:30AM (#28220696)
Not necessarily houses then, we could build multifamily. The US sincerely needs condos/townhomes to reign the housing economy back in.
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Re:Will the rich world’s worker deficit last? by mywittyname on Wednesday August 18, 2021 @10:32AM (#28221463)
Most of the US is not really land constrained. It's really only a very few desirable metros that really need to increase their density.
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