from http://www.mybanktracker.com/news/2012/05/31/maps-show-grads-screwed/?utm_source=obnews&utm_medium=cppv&utm_campaign=finance-news
...and yet Washington, D.C. just so happens to house the legislature that has not raised the federal minimum wage since 2007 — at which point it was $5.15! At $5.15 an hour, you would need to work 197 hours a week for an apartment (going off of NLIHC’s numbers), which would require that weeks be eight days long.
this was the best response from a rental manager, who is wondering why somebody seems to be asking for the government guaranteeing that minimum wage must be enough to pay for a two-bedroom apartment....
Two Maps That Show Why Grads Are Screwed
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.... The New York Times reported fascinating research on metro areas and educational attainment, conducted by the Brookings Institution. The study found that between 1970 and today, the gaps in educational attainment between metro areas has grown considerably. Whereas in 1970, Dayton and San Francisco weren’t all that different, today the differences are vast. In 1970, the average metro population was 12 percent college graduates — New York was right there, average. Washington, D.C. was the most educated city in the nation at that time with 22.4% of the population having at least a bachelor’s degree. Now, 32 percent of the U.S. metro population has a college degree, and the gap between uneducated cities and educated ones has grown considerably: Bakersfield, Calif., the least educated, has just 15 percent college grads while DC boasts nearly 50 percent bachelor’s degree attainment.
...and yet Washington, D.C. just so happens to house the legislature that has not raised the federal minimum wage since 2007 — at which point it was $5.15! At $5.15 an hour, you would need to work 197 hours a week for an apartment (going off of NLIHC’s numbers), which would require that weeks be eight days long.
this was the best response from a rental manager, who is wondering why somebody seems to be asking for the government guaranteeing that minimum wage must be enough to pay for a two-bedroom apartment....