Friday, October 18, 2002

Minimum Wage Doesn't Pay The Rent

From the AP:

Nowhere in the country could a minimum wage employee afford to pay rent on a two-bedroom home, an advocacy group said Wednesday. And in three-quarters of the country, even two full-time, minimum wage jobs couldn't pay for such housing.

The National Low Income Housing Coalition, in its annual "Out of Reach" report, found that the average U.S. employee must make nearly three times the federal minimum wage, or about $14.66 an hour, to afford a modest two-bedroom rental and still pay for food and other basic needs.

About one-third of the nation's households are renters, said the Washington-based advocacy group. In the four years since the coalition began its study, the gap between wages and rents has widened, both during times of economic expansion and recession.
If this bothers you, then perhaps you'd like to read some other "not-so shining facts of life in the nation that...shows the world 'the way life should be.'"