memestoanend@lemmy.world to Political Memes@lemmy.world · 6 months agobOth sIDeS aRe ThE SaME!!1!lemmy.worldimagemessage-square276fedilinkarrow-up11.24Karrow-down185cross-posted to: housing_bubble_2@lemmy.world
arrow-up11.15Karrow-down1imagebOth sIDeS aRe ThE SaME!!1!lemmy.worldmemestoanend@lemmy.world to Political Memes@lemmy.world · 6 months agomessage-square276fedilinkcross-posted to: housing_bubble_2@lemmy.world
minus-squareHangnMoss@infosec.publinkfedilinkarrow-up1·6 months agoThis is the correct answer. If minimum wages go up, the price of everything you buy with those wages increases as well, including housing. There’s artificial scarcity in housing right now because of investment firms and property management firms.
minus-squareAlien Nathan Edward@lemm.eelinkfedilinkEnglisharrow-up1·6 months agowages drive inflation but it’s not 1:1 and it does tend to benefit low earners.
This is the correct answer. If minimum wages go up, the price of everything you buy with those wages increases as well, including housing. There’s artificial scarcity in housing right now because of investment firms and property management firms.
wages drive inflation but it’s not 1:1 and it does tend to benefit low earners.