California’s minimum wage isn’t enough to keep up with workers’ costs of living, new report says

https://lemmy.world/post/13055054

California’s minimum wage isn’t enough to keep up with workers’ costs of living, new report says - Lemmy.World

The minimum wage, if it’s to be a liveable wage, should be set to some multiple of the median rent in an area. (Median Rent) x (0.30)=(Min Wage). Updated every year or two.

In my area…

The median rent in Los Angeles, CA is $2,760.

www.zillow.com/rental-manager/…/los-angeles-ca/

So hourly should be $55.

Average Rental Price in Los Angeles, CA & Market Trends | Zillow Rental Manager

Research rental market trends in Los Angeles, CA. See the average rent, monthly and annual rent changes and compare rental costs across locations.

That’s make minimum wage, what, $50 bucks an hour. Even for me that’s a bit. Let’s say the median household has two income earners, so base it on that. If you’re solo you can get yourself some sweet studio or whatever. So, basing the minimum income on two incomes and median rent would make minimum wage $25. That is right on the money! Nice. That’s what I’ve seen several reports say minimum wage should be if it kept up with inflation over the decades.

Median rent for my area just to the south is $3,586.

www.zillow.com/rental-manager/…/orange-ca/

We are always told/taught not to spend over 30-40% of our income on housing. Hard to do if minimum doesn’t keep up.

Average Rental Price in Orange, CA & Market Trends | Zillow Rental Manager

Research rental market trends in Orange, CA. See the average rent, monthly and annual rent changes and compare rental costs across locations.

If the minimum wage were tied to housing costs, employers would demand housing cost regulations.
Now there’s an idea.
Won’t anyone think of the landlords?