Keep in mind that this is availability RIGHT NOW. Meaning that the market has availability on TOP of what’s already occupied… and doesn’t include rentals. The market is NOT saturated.
those 358 houses are evenly distributed across Indiana
Looks pretty centered around population centers to me.
who think the poor don’t deserve anything
Right… which is why I’m advocating here that they should be able to buy a house? That’s the bare minimum to you? Jesus dude… you’re really off the mark here.
Because only 358 people in Indiana are paid minimum wage?
Also, I have no idea how you calculated those numbers, but there is not a chance in hell that someone who makes less than $16,000 a year can afford a house. They can barely afford food. And who would give them a mortgage?
$16,000 a year is below the poverty line.
And yes, getting everyone into a home should be the bare minimum. Sadly, many people aren’t in them, including many people who work for minimum wage. Because, believe it or not, very few people will rent to you if you make that little.
I love how you say “I think the poor deserve things because I want 358 of them to own a house” and not “I want them all to be paid better.”
And yes, getting everyone into a home should be the bare minimum.
Getting into a home (eg having a house to live in) != OWNING a home. Owning the home/asset is not the bare minimum in this country.
Because only 358 people in Indiana are paid minimum wage?
Didn’t say that. Actually quite literally already stated that this is surplus on top of whatever solutions people have already in place. Eg… people making minimum wage right now live somewhere already do they not? This is surplus on the market right now already. If you’re going to continue to ignore half of the message and continue to argue in bad faith just let me know so I can block you sooner rather than later.
but there is not a chance in hell that someone who makes less than $16,000 a year can afford a house.
Uh… so you think the mortgage calculator is incorrect? My current mortgage is at 259,000, and I pay ~1300. a 50k house at double the apr will be something like $300. Where you’d make $1232.50 a month… so less than 25% of your income. This is 100% possible.
No. For an individual that threshold is 14,891. 7.25$/hr, 40 hours a week, 52 weeks a year is 15,080. I put the numbers into the calculator. You can too. Minimum wage keeps you just above poverty if you’re on your own.
You claimed that 15$/hr is required for your area. I’m showing you that that is bullshit as you can have well more than “minimum” with minimum wage income.
The funny part is that this already ignores that at minimum wage you can claim benefits as well that would help (SNAP for example) since you wouldn’t be grossing 130% of the poverty level.
I love how you say “I think the poor deserve things because I want 358 of them to own a house” and not “I want them all to be paid better.”
I grew up in poverty… Demanding increased minimum wages has never worked to resolve poverty (and quite contrarily has typically made it worse in the community I grew up in, and continues to NOT help in that community to this day [I visit every once in a while… the place is a mess] even though the state has raised minimum wages MANY times and probably about 100-200% of what it was when I was growing up). So why would I make that demand? Why would I demand something that has historically NOT helped? The surplus in the housing market shows that those working minimum wage CAN survive more comfortably than I did as we never even owned a home back then.
No, I said $15/hour should be the federal minimum wage.
Demanding increased minimum wages has never worked to resolve poverty
False:
Researchers determine that regardless of the scenarios, a federal minimum wage increase would reduce poverty among all race and ethnic groups. Considering this wage increase would likely impact 56 million workers, it has the potential to bring great financial relief to families who need it most.
According to the Congressional Budget Office, the $15 federal minimum wage would have boosted the earnings of low-wage workers and decreased poverty. In its absence, a national policy agenda focused on raising wages is still urgently needed.
A new Center for American Progress analysis shows that setting one fair minimum wage for all workers across the nation, specifically tipped but also for disabled and temporary teenage workers, will help alleviate poverty, sustainably grow the economy, and advance gender, racial, disability, and economic justice.
Eight states have already eliminated the tipped minimum wage entirely.2 This analysis finds that in those states, workers and businesses in tipped industries have done as well as or better than their counterparts in other states over the years since abolishing the subminimum wage. Meanwhile, 16 states use the federal tipped minimum wage of $2.13 per hour. Another 26 states and the District of Columbia have a tipped minimum wage higher than $2.13 but still below the prevailing regular minimum wage.
Critics of a higher minimum wage argue that raising it would end up taking jobs away from the very workers it is meant to help because employers could not afford the higher labor costs. […] Assuming no job loss would occur as a result of raising the minimum wage, nearly one-third of U.S. workers would be affected by an increase in the federal minimum wage to $15.
So this page/“study” specifically has to control out the actual argument against for their data to work. and even have to acknowledge later that if there actually is job loss…
Even assuming some job loss, 6.9 million people would be lifted out of poverty,
Their “helped” number goes down. I give you an example from the community I grew up in that it doesn’t work…
But for the tens of millions of Americans struggling to afford the costs of living in their local communities, it’s arguably the metric that matters most.
And part of that metric is… wait for it… Housing affordability! Which I’ve already acknowledged is location dependent. Which is the whole reason why I looked at the market overall in your state. This issue is worse in some places for sure. But not in any you’ve brought up or have come up in conversation thus far. This article doesn’t even cite the study it’s based off of.
I wonder how many people who still tip know that in these states. If my wait-staff is making 15$ an hour… I’m not tipping them, and I’m willing to bet a lot of people wouldn’t either. However… if these states typically have people tipping till that are under the false belief that their wait-staff are making 2.13 an hour… then making 15 and tips on top… That wait staff can easily be pulling in 25-30 an hour. That could be a good reason why they do “better” than other state counterparts. But notice the phrasing here… “as well or better” meaning that some of the data shows that after the wage increase… THEY’RE STILL NOT BETTER OFF in some of the locations. Isn’t that interesting?
But right! I understand that my community that I grew up in and my personal experience is anecdotal… But when it’s completely counter to the claim that “it is universally good!” then you have to wonder.
NONE of them were a study. Every one of them are articles that simply speculate… or use sources that AREN’T a study… Eg. the americanprogress one only cites US census information. Everything is “author’s calculations” and the Author isn’t a statistician.) A study is never actually sourced or presented.
Any time you want to provide evidence for your claim, go ahead.
Your “evidence” is more than sufficient.
Effects on the Distribution of Family Income
The net effect of the Raise the Wage Act of 2021 on income would vary considerably among
families. In 2025, 0.9 million fewer people would have income below the federal poverty
thresholds, CBO estimates. Families’ real income would change in three main ways.
-For families with workers earning wages at or near the federal minimum, real income would
increase. That effect would be concentrated in the lowest quintile, or fifth, of the distribution
of family income.
-For families that lost employment because of the increase in the minimum wage, real income
would fall. That effect would also be concentrated in the lowest quintile of the income
distribution, but it would be smaller than the increase in real income just described
-For families that experienced a decline in business income or saw no change in their labor
income but faced higher prices for goods and services, real income would fall. That effect
would be concentrated in the highest quintile of the income distribution.
So over 0.9 million people would come out of poverty… But the what sounds like a nebulous “lesser” amount would go into worse poverty especially if you take the last item into account which they don’t in the second point. Since they don’t define how many… we’re stuck at a gamble here. That’s not an answer. You’re basically asking to sacrifice a half million (or maybe even more! since they don’t care to define it) to save .9 million.
Then they go on to say…
Effects on Prices
In CBO’s assessment, the Raise the Wage Act of 2021 would change the relative prices of goods
and services. The largest price increases, relative to the average increase, would be for goods or
services whose production required a larger-than-average share of low-wage work, such as food
prepared in restaurants. For goods and services that used less low-wage labor in their supply
chains, prices would rise less.
So prices for EVERYONE will go up for everything. Acknowledged. Which actually means people who are close… will suffer as well.
Effects on Interest Rates
In CBO’s assessment, the Raise the Wage Act of 2021 would cause interest rates to be slightly
higher than they would have been otherwise over the 2021–2031 period
Net negative for everyone here as well… Especially those already in debt.
Yeah… reading through this briefly… it’s validating everything I had already thought… You might “save” some people… but at the cost of so much more. It’s also proving the point that you can’t be trust with what you say… you’re effectively saying “if it saves one person” without realizing the cost of doing so to society overall, including those you purport to “save”.
But at the very end…
Taken together, those differences led to differences in the reports’ projected effects on employment and family income. In the 2019 report, CBO estimated that employment would fall by 1.3 million workers in 2025; in this report, the estimated reduction is 1.4 million workers. The most important analytical change that led to that difference was CBO’s use of the mean rather than the median in determining its central estimates.
So save .9 million… but lose 1.4 million workers? This math doesn’t add up. I’ll have to read more into this report to get a better understanding of what they mean.
Also
The estimated number of people whose annual income would rise above the federal poverty thresholds in 2025 is smaller in the current report (0.9 million) than it was in the 2019 report (1.3 million). That difference stems from the changes in CBO’s baseline projections, from the changes in the policies’ timelines, and from the use of mean outcomes rather than outcomes generated by the median values of key inputs.
So the number is naturally going down over time on it’s own?.. So basically do nothing has dropped the number .4 million over 2 years… Nearly 50% of the number that you believe can be “saved” by raising minimum wage. That sounds like statisticians nightmare where the whole report gets thrown out because it’s statistically irrelevant.
With minimum wage in Indiana being $7.25,
https://www.zillow.com/mortgage-calculator/house-affordability/
You can afford a house up to $67,530.
Keep in mind that this is availability RIGHT NOW. Meaning that the market has availability on TOP of what’s already occupied… and doesn’t include rentals. The market is NOT saturated.
Looks pretty centered around population centers to me.
Right… which is why I’m advocating here that they should be able to buy a house? That’s the bare minimum to you? Jesus dude… you’re really off the mark here.
All 358 of them?
Because only 358 people in Indiana are paid minimum wage?
Also, I have no idea how you calculated those numbers, but there is not a chance in hell that someone who makes less than $16,000 a year can afford a house. They can barely afford food. And who would give them a mortgage?
$16,000 a year is below the poverty line.
And yes, getting everyone into a home should be the bare minimum. Sadly, many people aren’t in them, including many people who work for minimum wage. Because, believe it or not, very few people will rent to you if you make that little.
I love how you say “I think the poor deserve things because I want 358 of them to own a house” and not “I want them all to be paid better.”
Getting into a home (eg having a house to live in) != OWNING a home. Owning the home/asset is not the bare minimum in this country.
Didn’t say that. Actually quite literally already stated that this is surplus on top of whatever solutions people have already in place. Eg… people making minimum wage right now live somewhere already do they not? This is surplus on the market right now already. If you’re going to continue to ignore half of the message and continue to argue in bad faith just let me know so I can block you sooner rather than later.
Uh… so you think the mortgage calculator is incorrect? My current mortgage is at 259,000, and I pay ~1300. a 50k house at double the apr will be something like $300. Where you’d make $1232.50 a month… so less than 25% of your income. This is 100% possible.
https://aspe.hhs.gov/sites/default/files/documents/1c92a9207f3ed5915ca020d58fe77696/detailed-guidelines-2023.pdf
No. For an individual that threshold is 14,891. 7.25$/hr, 40 hours a week, 52 weeks a year is 15,080. I put the numbers into the calculator. You can too. Minimum wage keeps you just above poverty if you’re on your own.
You claimed that 15$/hr is required for your area. I’m showing you that that is bullshit as you can have well more than “minimum” with minimum wage income.
The funny part is that this already ignores that at minimum wage you can claim benefits as well that would help (SNAP for example) since you wouldn’t be grossing 130% of the poverty level.
I grew up in poverty… Demanding increased minimum wages has never worked to resolve poverty (and quite contrarily has typically made it worse in the community I grew up in, and continues to NOT help in that community to this day [I visit every once in a while… the place is a mess] even though the state has raised minimum wages MANY times and probably about 100-200% of what it was when I was growing up). So why would I make that demand? Why would I demand something that has historically NOT helped? The surplus in the housing market shows that those working minimum wage CAN survive more comfortably than I did as we never even owned a home back then.
No, I said $15/hour should be the federal minimum wage.
False:
https://www.rwjf.org/en/insights/our-research/2022/08/exploring-the-effects-of-a-15-an-hour-federal-minimum-wage-on-poverty-earnings-and-net-family-resources.html
https://www.brookings.edu/articles/higher-regional-minimum-wages-can-lift-half-of-struggling-households-into-economic-self-sufficiency/
https://www.americanprogress.org/article/ending-tipped-minimum-wage-will-reduce-poverty-inequality/
Believe it or not, just declaring things doesn’t make them true.
And in your area, it would not make sense to do so. As evidenced.
So this page/“study” specifically has to control out the actual argument against for their data to work. and even have to acknowledge later that if there actually is job loss…
Their “helped” number goes down. I give you an example from the community I grew up in that it doesn’t work…
And part of that metric is… wait for it… Housing affordability! Which I’ve already acknowledged is location dependent. Which is the whole reason why I looked at the market overall in your state. This issue is worse in some places for sure. But not in any you’ve brought up or have come up in conversation thus far. This article doesn’t even cite the study it’s based off of.
I wonder how many people who still tip know that in these states. If my wait-staff is making 15$ an hour… I’m not tipping them, and I’m willing to bet a lot of people wouldn’t either. However… if these states typically have people tipping till that are under the false belief that their wait-staff are making 2.13 an hour… then making 15 and tips on top… That wait staff can easily be pulling in 25-30 an hour. That could be a good reason why they do “better” than other state counterparts. But notice the phrasing here… “as well or better” meaning that some of the data shows that after the wage increase… THEY’RE STILL NOT BETTER OFF in some of the locations. Isn’t that interesting?
But right! I understand that my community that I grew up in and my personal experience is anecdotal… But when it’s completely counter to the claim that “it is universally good!” then you have to wonder.
Your evidence had something to do with housing affordability, not quality of life. You clearly do not give a shit about their quality of life.
Also, I love how every study I provided is wrong and you, without a single bit of evidence, are right.
NONE of them were a study. Every one of them are articles that simply speculate… or use sources that AREN’T a study… Eg. the americanprogress one only cites US census information. Everything is “author’s calculations” and the Author isn’t a statistician.) A study is never actually sourced or presented.
Any time you want to provide evidence for your claim, go ahead.
And one of them literally talked about a CBO study.
Here is that study.
https://www.cbo.gov/system/files/2021-02/56975-Minimum-Wage.pdf
Your “evidence” is more than sufficient.
So over 0.9 million people would come out of poverty… But the what sounds like a nebulous “lesser” amount would go into worse poverty especially if you take the last item into account which they don’t in the second point. Since they don’t define how many… we’re stuck at a gamble here. That’s not an answer. You’re basically asking to sacrifice a half million (or maybe even more! since they don’t care to define it) to save .9 million.
Then they go on to say…
So prices for EVERYONE will go up for everything. Acknowledged. Which actually means people who are close… will suffer as well.
Net negative for everyone here as well… Especially those already in debt.
Yeah… reading through this briefly… it’s validating everything I had already thought… You might “save” some people… but at the cost of so much more. It’s also proving the point that you can’t be trust with what you say… you’re effectively saying “if it saves one person” without realizing the cost of doing so to society overall, including those you purport to “save”.
But at the very end…
So save .9 million… but lose 1.4 million workers? This math doesn’t add up. I’ll have to read more into this report to get a better understanding of what they mean.
Also
So the number is naturally going down over time on it’s own?.. So basically do nothing has dropped the number .4 million over 2 years… Nearly 50% of the number that you believe can be “saved” by raising minimum wage. That sounds like statisticians nightmare where the whole report gets thrown out because it’s statistically irrelevant.