Harvard's minimum pay is almost 3x that amount. If we assume a 40 hour work week, it comes out to $19.23/hour. That is well within the range for what most advocacy groups are calling a living wage. For example, this site pegs it at $18/hour for Suffolk county in Massachusetts: https://livingwageforus.org/tier-i-certification/
A more robust estimate suggests that the living wage is actually $22.59 in this area.
"The average rent for a Boston one-bedroom is $3,215 a month. Ljunggren said it’s not uncommon for students to be paying $2,000 a month for a studio apartment, or living with multiple roommates to cover a $4,000-a-month two-bedroom." https://www.vice.com/en/article/93kwaa/harvard-tells-grad-st...
Perfectly nice Somerville 2BR units appear to be available for a bit above $2k/mo, and they quite a bit more conveniently located to Harvard than most of Boston is.
The federal minimum wage is highly politicized and the 'right'/'Republican's'/'business' have always lobbied to keep it low. To have cheap labor.
But Food-Stamps/Welfare is driven by what is the minimum to live.
In a perfect world, yes the Minimum Wage should be high enough to match what it takes to live. Then there would not be a need for Welfare (if working). Minimum Wage should match the maximum for qualifying for Welfare.
But since different groups have different goals in driving the two programs, they do not match.
The benefit of doing that instead is it would help approximately 1000 times the number of people than raising Harvard grad student pay would.
It's worth noting that Harvard grad students are the ones getting attention here, and not the average person getting squeezed by rent. Are you going to whack-a-mole every single employer in the Boston MSA to pay at least $60k? Even if you did this, the increased pay would just go to inflated housing costs.
The underlying problem is a scarcity of housing, you can't fix that by giving people (in aggregate) more money. It will just bid up the cost of the scarce good.
And none of this really affects whether or not grad students should be encouraged to apply for whatever government benefits they are eligible for. Harvard doesn't control where the federal government sets the income cutoffs for benefits.
Nevertheless I'm sure highlighting this is a good way to grab attention.
This is a single article, and a single article can only usefully highlight a single issue. If news articles could only talk about the worst problems in the world, then perhaps every news article in the world would be about climate change. Which perhaps wouldn't be a bad thing! But still, this is a red herring, because other news articles do in fact talk about the average person getting squeezed by rent.
> Are you going to whack-a-mole every single employer in the Boston MSA to pay at least $60k?
Not every employer in the Boston area has a $50 billion endowment.
This feels deliberately obtuse. The second half of the submitted article headline is "Even Though It's the Richest School In The World With A $53 Billion Endowment". Obviously people think Harvard should pay its graduate students more so that they wouldn't need food stamps.