Working people are so screwed: Rents spike and minimum wage hits its lowest value since 1956
The average wage needed for someone to afford a market-rate one-bedroom apartment rental in this country is $21.25 per hour. The federal minimum wage is $7.25 per hour. It’s not hard to see the problem here. Both sides of the equation are responsible: The rent is too damn high and the pay is too damn low. …
