> The prices are outrageous, and these minimum wage hikes will prove Sisyphean since those hikes will be eaten away by even higher costs, assuming they don’t get their hours reduced or face a layoff. Then we’ll have the same discussion a few years later when the minimum wage is $25 or even $30 per hour.

It's all a symptom of the absolute cancer that is real estate investing.

Every $100 increase in the rent means an extra $30-50 needed in wages if you still want to maintain housing costs being 30-50% of your wage.

And nearly all rent increases are just simply price gouging. You have people that are barely treading water paying their rent, and as soon as minimum wage goes up, those absolute leeches we call landlords will just suck that extra money right up via a rent increase.

I just don't know what the solution is. Rent controls have a myriad of unintended consequences. Simply creating more housing doesn't necessarily work, since it all gets bought up by investors that maintain the same high rent.