It has now been 15 years since the federal minimum wage rose to $7.25 - eviltoast
  • Dazed_Confused@lemmy.world
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    3 months ago

    Suppose that happens. What’s stopping the landlords from just raising their rents then? Can the government control housing costs? Is it even possible in a “free” economy?

    • anticolonialist@lemmy.world
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      3 months ago

      The government wouldn’t need to control housing. Landlords would be under pressure from other companies to keep housing low so their wage costs remain as low as possible.