Drop Dead Fred
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- Jun 6, 2020
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“Affordable” housing is defined by the government as that which does not cost more than 30% of a person’s income.
Source: https://www.census.gov/housing/census/publications/who-can-afford.pdf
In 2019, the average rent for a one bedroom apartment in San Francisco was $3,720 per month.
Source: San Francisco apartment rent prices are dropping fast as tech companies embrace remote work and unemployment rises
If a person works 2,000 hours per week, then according to the math, they would need to earn a minimum of $74.40 per hour in order for the average one-bedroom apartment in San Francisco to considered “affordable.”
Therefore, according to the logic of liberals, the local minimum wage in San Francisco should be increased to $74.40 per hour.
Source: https://www.census.gov/housing/census/publications/who-can-afford.pdf
In 2019, the average rent for a one bedroom apartment in San Francisco was $3,720 per month.
Source: San Francisco apartment rent prices are dropping fast as tech companies embrace remote work and unemployment rises
If a person works 2,000 hours per week, then according to the math, they would need to earn a minimum of $74.40 per hour in order for the average one-bedroom apartment in San Francisco to considered “affordable.”
Therefore, according to the logic of liberals, the local minimum wage in San Francisco should be increased to $74.40 per hour.