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US minimum-wage worker needs 2.5 full-time jobs [Copy link] 中文

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Post time 2018-6-16 06:28:28 |Display all floors
This post was edited by UYA at 2018-6-16 06:39


What do you get when you combine minimum wage with increasing apartment rents? Many workers who can't afford a place to live.


The National Low Income Housing Coalition's (NLIHC) annual report recently took a look at the Housing Wage, an estimate of the hourly wage a full-time worker needs to earn to afford a rental home at the US Department of Housing and Urban Development's fair-market rent. That means spending no more than 30% of their income on housing costs — the typical rule of thumb when budgeting for housing.


NLIHC found that a worker needs to earn $17.90 an hour at a full-time job — 40 hours a week, 52 weeks a year — to afford a modest one-bedroom apartment. That's over $10 more than the federal minimum wage of $7.25.


Let's look at the math: If a worker holds two full-time minimum wage jobs, they'd be earning $14.50 an hour total — still under the $17.90 needed to afford rent and have 70% of your income left over for non-housing related expenses. The worker would have to take on another, part-time, minimum-wage job to make up the difference. All things considered, that's a 99-hour work week, 52 weeks a year.


The map below shows the hourly wage needed to afford a fair-market rent, one-bedroom apartment by state, assuming a 40-hour work week, 52 weeks a year, as calculated by the NLIHC. This is also known as the "housing wage."



Only five states — Arizona, California, Colorado, Oregon, and Washington — have one-bedrooms affordable for minimum-wage workers across 22 counties.


All of these states have minimum wages higher than the federal minimum wage, but if you're looking for housing outside of the 22 counties, even these higher minimum wages aren't enough.


The housing wage for a one-bedroom apartment in Washington is $21.65. A worker would need income from two jobs at Washington's minimum wage of $11.50 (the highest of all five states) to afford a one-bedroom apartment.

Workers fare a little better in Arizona, where the minimum wage of $10.50 is actually the lowest of the five states. The housing wage for a one-bedroom apartment there is $14.64.


Even Arkansas, which has the most affordable housing in the country, according to NLIHC data, has a higher one-bedroom housing wage ($10.98) than minimum wage ($8.50).


Lastly, Hawaii, the state with the most expensive housing: The minimum wage there is $10.10, and the housing wage for a one-bedroom apartment is $27.44. If a worker held 2.5 full-time jobs, they would make $25.70 an hour — that's more than the national housing wage, yet still not enough for Hawaii's steep real estate market. A worker in Hawaii would have to work almost three full-time jobs just to afford a one-bedroom rental.


Hillary Hoffower,Business Insider


(lucky you live in China)

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Post time 2018-6-16 06:49:42 |Display all floors
At least they don't call unskilled workers guest workers in USA.

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Post time 2018-6-16 06:55:11 |Display all floors
HailChina! Post time: 2018-6-16 06:49
At least they don't call unskilled workers guest workers in USA.

Lucky you live in China

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Post time 2018-6-16 07:05:02 |Display all floors
This post was edited by HailChina! at 2018-6-16 07:08

Who decided that 30% of a persons income equals affordable housing anyway? I only spend 17% of my low income on rent and utilities and I think it is way too much. 30% of a low income wasted on rent does not leave much hooker money left over once you buy some food and pay for utilities. Does this affordable housing 30% rule of thumb cover utilities? If not then these low income workers would be lucky to have enough hooker money at the end of the week to cover a half hour head job.  God they may as well kill themselves. You know what they should do? Buy an SUV and take the back seat out and live in there. I did that for a while - its a lot better than a crappy one bedroom apartment anyway. Now they have 30% more of their low income that could be spent on hookers.

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Post time 2018-6-16 07:11:34 |Display all floors
This post was edited by HailChina! at 2018-6-16 07:12
UYA Post time: 2018-6-16 06:55
Lucky you live in China

Psychological security of the working class is very important to social stability you know. Guest worker is a derogatory term. China needs to end the residency law thing and stop calling peasants peasant workers. Its not nice.

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Post time 2018-6-16 07:13:50 |Display all floors
Ha. Oh my goodness I am funny.

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Post time 2018-6-16 07:14:10 |Display all floors
HailChina! Post time: 2018-6-16 07:05
Who decided that 30% of a persons income equals affordable housing anyway? I only spend 17% of my lo ...

Yeah....
you wonder if utilities are equated in this article.

I gotta say....
Living in China was WAY cheaper than in the US.
Especially Hawaii
Utilities were cheap and convenient.
Just take a stroll down the neighborhood store, and pay.
In the States, they have to send a person, to turn on anything.

Hail China!

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