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.


  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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