Given the low-wage labor market this really only says something if these jobs actually existed in the first place and the displaced workers haven’t found other minimum wage jobs.
Economics Thread
- Thread starter sturg33
- Start date
Given the low-wage labor market this really only says something if these jobs actually existed in the first place and the displaced workers haven’t found other minimum wage jobs.
acesfull86
Well-known member
https://www.wsj.com/articles/biden-nationwide-rent-control-plan-housing-and-urban-development-2117e9d5?mod=opinion_lead_pos2
We hoped President Biden had merely misspoken during last week’s NATO press conference when he mentioned capping rents. Alas, no. On Tuesday he unveiled a nationwide rent-control plan, another classic White House policy contradiction: Subsidize housing, then discourage its development.
—————
At least the Biden WH acknowledged this would have to go through Congress, so this isn’t likely to be the student loan debt burden transfer to buy votes scheme part II
We hoped President Biden had merely misspoken during last week’s NATO press conference when he mentioned capping rents. Alas, no. On Tuesday he unveiled a nationwide rent-control plan, another classic White House policy contradiction: Subsidize housing, then discourage its development.
—————
At least the Biden WH acknowledged this would have to go through Congress, so this isn’t likely to be the student loan debt burden transfer to buy votes scheme part II
Last edited:
Tapate50
Well-known member
Guys scrambling like hell and the bills coming due. It won’t pass Congress as it shouldn’t.
If it’s even, then raising minimum wage doesn’t adversely affect the job market and we only need to consider the comparison between the increases in salary to low-income workers vs. inflation. These jobs will always be fickle, but even is a step toward showing it could work.
I’ve always been pessimistic about the results of minimum wage hikes due to inflationary concerns, but I’d love to be proven wrong.
I won’t either, but I’ll cross my fingers. I think the number one way to fix a lot of society’s ills is to reduce poverty as much as possible. I really just can’t see how the lowest income earners won’t also be the most impacted by the negative externalities of such policies. That said, the current system hasn’t worked yet, so if there is actually somehow a policy success then it’d be great.
zitothebrave
Connoisseur of Minors
Nope. No one is looking to live where migrants live. Migrants live multiple families to a single family dwelling. Illegals are in even a worse scenario because they only can stay places who are the slumlords of slumlords.
Want to solve the problem, regulate and tax the **** out of AirBnb, Vrbo, etc. Already boomers were buying up houses to rent out as a retirement plan of selling off the real estate. But now instead of renting them to people to live in, they can make similar money renting it on AirBnb and not put as much wear, it's an easy choice for them.
Yeah, placing the blame for the current housing/rental market at the poor people is tremendously funny.
nsacpi
Expects Yuge Games
20M
I'd suspect that lots are fine people - 5-10M will get rid of all the military aged men that invaded during the Biden regime and send a message to the world that we will not tolerate illegal migration.
sturg33
I
Wait moving the bar down to 5m now?
The “higher rent prices” part is my point of contention here.
And when companies buy up properties and then charge outrageous rents, it does the same.
The latter, but large companies hoarding properties adversely affects the supply of available housing.