It’s still sort of amazing that Ventura got as far as he did. I remember Al Franken in one of his books talking about how everyone in Minnesota went through a bout of temporary insanity.
It’s almost as if people pointed out that raising the minimum wage will result in higher costs for everything and thus raising the cost of living.
Hey you get a hundred more bucks a week? Guess what your rents going up fifry dollars a week.
Sounds great but groceries rise cost twenty more a month because they are paying their people more. Gas goes up… And everything else costs “just a bit more” because of rising costs for the new minimum wage.
Maybe the solution isn’t to get more money but stop acting like everyone who decides to move to California deserves a charmed life. In the supply and demand metric for jobs California seems to be fine with increasing the supply of workers with out realizing that has caused most of the problems we have. Sorry but just like the game industry until people stop wanting to come out to California with out a job lined up ultimately there’s going to be problem.
Btw I’m definitely not talking about immigration with this I’m talking about someone from Kansas deciding to come out to California for what ever reason, something not working and then bitching that they can’t stay here on a minimum wage salary and afford a single room apartment.
Maybe if that’s the case going back to Kansas which has a better cost of living is a better choice than trying to live in a city or state with the highest cost of living?
Not everyone has to leave to fix this but until at least some people leave the scale will continue to tip against everyone in the state because the surplus of people only raise the supply on people looking for jobs, raise the demand on housing which increase rent and this will continue until this idea that there’s a guaranteed perfect Californian life exists for anyone who comes out here is dead
Many studies have shown that raising the minimum wage (especially from a low level) doesn’t affect inflation at all. It actually may help the economy, since people buy more when they have money.
The marginal cost of making extra goods is very low. Food or appliances cost like a third of what they sell for, depending on where you buy them. So some extra wages for the person that makes it is not a large part of the cost. Distribution marks it up.
Maybe if that’s the case going back to Kansas which has a better cost of living is a better choice than trying to live in a city or state with the highest cost of living?
Not to deride your minimum wage tangent here, but there's something to be asked here. Why does California have a high cost of living? Why does Kansas have a low cost of living? I think when you ask the question of why cost of living is so vastly different from area to area you start to get a better picture of why we have a lot of problems addressing wages matching that cost of living.
It’s almost as if people pointed out that raising the minimum wage will result in higher costs for everything and thus raising the cost of living
This has been a national thing. I feel like you'd might have a point if this wasn't true literally everywhere. Even where I live in very rural Tennessee cost of living has gone up. Our county recently increased sales tax and property tax is likely to go up as well. Cost of goods like eggs have gone from 78¢ to $2.19 here from 2019 to today, with eggs at one point hitting $6.99 a dozen here.
So there is a relationship between minimum wage and cost of living but that's clearly not the case with California's minimum wage increase that goes into effect next month. Everything, everywhere is increasing in cost. Which goes back to what I was saying. When you start asking questions on why cost of living is different, you get a picture of bigger factors that drive national cost of goods and services. And you see that touched upon in the article.
“We suspect that low-wage workers’ high likelihood of living in three-earner (or more) households might be due largely to California’s high housing costs,” the legislative analyst’s office said.
Housing is a massive thing everywhere and housing is flying through the roof. The reasons for that are complex and it's absolutely a discussion, for perhaps elsewhere though (I cannot imagine that Lemmy comments are that great a place for such a trite diatribe). Minimum wage does indeed play a role but, and I could be reading your comment incorrectly, I believe that you are attributing a much larger weight to that factor than it deserves and forgoing the complexity of the issue by solely focusing on that sole reason.
This is one of the big things I don’t like about all the self-driving stuff. It lets drivers pay less attention to the road, or at least feel like they can. We do NOT need that.
Weirdly, the other half of millenials that do own homes weren’t asked at all, I guess they won’t have any useful input on how affordable homes are
This article is about how affordable homes are right now. The fact that I was able to purchase a home in 2019 is irrelevant because I’d be talking about market conditions that haven’t existed for several years.
Is that really all you said in your original comment? Mods are getting worse than Reddit around here. I can’t believe they removed that just because they didn’t agree.
This lemmy in particular had been pretty rife with propaganda and factually falsified so I think I’m prolly just gonna block it soon.
People modding news related lemmies tend to have very specific biases one way or the other, and it’s common to ban people that don’t repeat the echo chamber.
I consider myself fairly liberal, but I also can do the math and tell when I’m being fed bullshit.
The constant deluge of “no one can afford anything” news is, imo, propaganda to disperse discontent.
The reality is that very specific clusters of areas don’t have enough housing built and it’s fucking prices up, combined with a lack of government intervention on a small handful of greedy individuals.
I mostly just assume people that claim “there’s nothing in my city affordable” are racist/picky and discarding tonnes of viable homes because they don’t wanna live in those communities, so those houses don’t count.
As a millennial that does own my own home, I’ll chime in and say houses are absolutely not affordable these days.
My wife and I put off getting married and out all of our money towards buying a home less than 10 years ago. A shitty 100 year old house in a rough neighborhood of a rust belt city. Terrible school district, but we were hoping to at least break the rent cycle and be in position to upgrade later on.
My career has gone better than expected, but the housing market is absolutely insane. The house I got for $85k now estimates over $165k, and that’s not even factoring in the home improvements we’ve done. Completely given up on ever having kids and pretty much given up on ever moving. We did everything right, followed the rules, and had pretty good luck. No major car accidents, no layoffs, no medical bankruptcy. Generally disciplined in our spending (I’m an accountant). The closest we’ve had to vacation in 15 years was a 2-day mid-week trip to Cleveland to see a band play. The only bad luck was neither of us were born into wealth.
If you only own and live in one home at a time it doesn’t matter a ton how the market is doing at any given moment. Low prices mean I get less for my house, but I can upgrade more cheaply. High prices means I’ll get more cash, but buying a new house costs more. There’s relatively minor differences to things like taxes and insurance, and you could dive into the math for exact examples, but for the most part it’s a pretty minor consideration as long as you have a house to sell and will need to buy a replacement. The people most affected by housing price changes are people who have 0 houses and people who are looking to sell without buying (owners converting to renters, retirees, landlords cashing out, estates, etc).
Totally unrelated but your username was the longest ingredient I could find on a shampoo bottle as a child and I tried to figure out how to say it on my own and still couldn’t tell you if I’m actually pronouncing it correctly. I’m so happy it made an impression on somebody else hahaha
You know, it’s probably my favorite thing of the day that I got to see two people bond over the longest ingredient from the back of a shampoo bottle they read as a kid. And it was a pretty good day.
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