Higher wages just mean higher rent



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    Saborlas

    We get higher rent anyway!

    Karl Lewis

    Weirdly, rents have risen, significantly over the past decade, even though the Federal minimum wage hasn’t moved, at all. This has led some cynics to suggest that linking rising wages to higher rents is a “strawman argument.” (Although, to be fair, it is generous to describe it as a strawman argument, because mostly, it’s just bullshit.)

    It’s almost as if rents were driven by some arcane combination of population, available housing, the costs of building housing, property taxes, and interest rates.

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