Real Wages and Rent

The verdict for this episode is: for many American workers, wages are not keeping pace with the cost of living.

In this episode, I discuss a report from the Bureau of Labor Statistics that demonstrates how the real wages of many American workers were lower in 2017 than 2016. Here is a Washington Post story about the report.

I demonstrate the impact of decreasing real wages with a report from The National Low Income Housing coalition that shows there isn’t a single state where someone earning a minimum wage can afford a two-bedroom apartment. The Washington Post details the findings.

2 thoughts on “Real Wages and Rent

  1. Well, it was never intended for minimum wage to be something one could live in such manner on. It was always merely a “hard deck” for wages.

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