Minimum Wage Woes

Submitted by ub on

American workers who are earning minimum wage or below are increasingly finding themselves wondering how low can their standard of living go?

There is no county, metro area or state in the U.S. where a worker earning minimum wage for 40 hours per week can afford to rent a two-bedroom home. Minimum Wage Workers Still Can’t Afford Housing, Report Shows | Best States | US News
https://www.usnews.com/news/best-states/articles/2019-06-20/minimum-wag…

How Much do you Need to Earn to Afford a Modest Apartment in Your State?
https://reports.nlihc.org/oor

These are the stats for my neighborhood. City Island... A Slice of NYC Paradise

10464

Two-Bedroom Housing Wage $34.23
One-Bedroom Housing Wage $29.81
Fair Market Rent for a One-Bedroom Home $1,550
Fair Market Rent for a Two-Bedroom Home $1,780
Poverty Rate 9%
Median Household Income $87,853
Labor Force Participation 66.9%
Unemployment 7.7%

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