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Offbeat Minimum wage doesn't cover the rent anywhere in the US

18:06  14 june  2018
18:06  14 june  2018 Source:   cbsnews.com

What should waiters earn? The debate over the tipped wage

  What should waiters earn? The debate over the tipped wage In Washington, D.C., and in some states, dual wage scales for tipped and nontipped service workers may be coming to an end. Many employers aren’t happy about it. Perhaps surprisingly, some workers aren’t either.“It’s kind of exhausting how unpredictable it can be,” she said.

People who make the federal minimum wage of .25 an hour can’ t find an affordable place to live anywhere in the country, according to a new But even those wages mostly leave workers unable to afford rent . None of the higher wages give a full-time minimum wage worker the ability to cover rent

People who make the federal minimum wage of .25 an hour can’ t find an affordable place to live anywhere in the country, according to a new But even those wages mostly leave workers unable to afford rent . None of the higher wages give a full-time minimum wage worker the ability to cover rent

A minimum-wage worker would have to put in lots of overtime to be able to afford a modest two-bedroom apartment anywhere in the country. And downsizing to a one-bedroom pad barely helps.

Even with some states hiking pay for those earning the least, there is still nowhere in the country where a person working a full-time minimum wage job can afford to rent a decent two-bedroom apartment, according to an annual report released Wednesday by the National Low Income Housing Coalition.

Even the $15 hourly wage touted by labor activists would not be enough to make housing affordable in the overwhelming majority of states, the coalition found. Nationally, someone would need to make $17.90 an hour to rent a modest one-bedroom or $22.10 an hour to cover a two-bedroom place.

A minimum-wage worker can’t afford a 2-bedroom apartment anywhere in the U.S.

  A minimum-wage worker can’t afford a 2-bedroom apartment anywhere in the U.S. Nationally, one would have to earn $17.90 an hour to afford a modest one-bedroom apartment without spending more than 30 percent of income on housing, a common budgeting standard. Or $22.10 an hour for a two-bedroom rental. That's based on the common budgeting standard of spending a maximum of 30 percent of  income on housing.The report estimates that renters nationally make an average of $16.88 an hour. That means even those making above minimum wage struggle to afford rent.Housing costs have continued to rise with growing demand for rental housing in the decade since the Great Recession.

In most states , people earning minimum wage would need to work 60-80 hours per week to afford a Many use more than half their paycheck to cover rent , meaning they have to skimp on other I've got NEWS for you, David, the Ruling class OWN us NOW and as long as they can keep people poor

So there is an article circulating online (citing a study by the National Low-Income Housing Coalition) stating that a full-time worker earning minimum wage can’ t afford to rent a one-bedroom apartment anywhere in the US .

Renters across the country earn an average hourly rate of $16.88, the report estimated, a finding that illustrates how even folks earning more than the minimum wage scramble to pay for housing.

The findings are based on the standard budgeting concept of not spending more than 30 percent of one's income on housing.

The nation's costliest housing is in Hawaii, where one would need to earn $36.13, or roughly $75,000 a year, to be able to rent a modest two-bedroom. The state's minimum wage increased to $10.10 an hour this year.

The cheapest housing in the U.S. can be found in Arkansas, where the minimum wage is $8.50 an hour. Yet one would have to make $13.84 an hour, or roughly $29,000 a year, to afford a two-bedroom apartment.

A one-bedroom is affordable for minimum-wage employees in all of 22 counties in just five states -- Arizona, California, Colorado, Oregon and Washington. Each has a higher minimum wage than the $7.25 federal minimum.

The controversy over paying the full minimum wage to restaurant servers, explained

  The controversy over paying the full minimum wage to restaurant servers, explained DC’s Initiative 77 ballot measure has led to a lot of hype and drama.Voters in Washington, DC, head to the polls Tuesday to decide whether to approve Initiative 77, a ballot measure that would raise the city’s minimum wage to $15 an hour and phases out the sub-minimum wage for tipped workers, which is currently $3.33.

Vox serves up another over-selling headline: “A full-time minimum - wage job won’ t get you a 1-bedroom apartment anywhere in America.” per se, though I do question its assumptions: Why would we expect a minimum - wage income not only to cover but to comfortably cover the rent on a

Tennessee has no state minimum wage , meaning most employees are covered by the federal minimum wage . But in Memphis, a low cost of living means .25 is worth about .50.  Get us in your inbox.

The study bases its definition of "modest" rental housing on a weighted average of fair market rent estimates developed annually by the U.S. Department of Housing and Urban Development to calculate the agency's housing assistance to poor people around the country.

The cost of housing has steadily risen along with increased demand for rentals, yet new construction has trended toward the high-end market due to lofty development expenses, the findings said.

"While the housing market may have recovered for many, we are nonetheless experiencing an affordable housing crisis, especially for very low-income families," Sen. Bernie Sanders of Vermont wrote in the report's preface. "In America today, nearly 11 million families pay more than half of their limited incomes toward rent and utilities. That leaves precious little for other essentials."

Rent or buy a home? It all depends on location .
Looking at the "price-to-rent ratio" shows that the best metro areas for buying a home aren't on the coastsMost potential homebuyers already know many West Coast areas, such as Silicon Valley, are out of reach. But the survey by Haven Life, which sells term life insurance and is backed by major insurance company MassMutual, shows that most of the Golden State is also a sort of "gold" standard in real estate, securing 18 of the top 25 spots on Haven's price-to-rent ratio list.

Source: http://us.pressfrom.com/news/offbeat/-155267-minimum-wage-doesnt-cover-the-rent-anywhere-in-the-us/

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