An hour spent commuting is 1/16th of your daily life, and that hour is by far the biggest risk to your life every day. You should be getting triple pay to ameliorate the hazard risk it represents.
An hour spent commuting is 1/16th of your daily life, and that hour is by far the biggest risk to your life every day. You should be getting triple pay to ameliorate the hazard risk it represents.
Ok, so we have a lot effed up in our system right now and I’m not trying to discount that. But this is like high school economics level stuff when I ask…
Between the lowered supply of creating houses (in that it becomes more expensive to produce a house because everyone is getting paid a hell of a lot more) and the increased demand for housing because everyone has a bigger number in their bank account… Do you really expect that housing prices would just… Stay the same?
I’m also curious when any society at any point in history has been able to sustain decent housing with about a year’s worth of wages?
Agreed. My wife and I are doing pretty well and we don’t even make anywhere near $150/hr combined. Maybe in the Bay and NYC that wage would make sense but not most places. Making that the minimum wage would just cause a ton of inflation and put most people back at square one.
Maybe not one year, but it looks like a median home in the US in 1965 cost around 6 years of a median income.
In the 1854 book Walden by Thoreau, he gives a pessimistic account of how long it would take to afford a property in a town, that is still less than today:
Although he goes on to describe building his own more remote cabin for $28.
Something is very, very wrong with incomes and housing prices currently that wasn’t as bad a problem in the past.