Minimum wage workers cannot afford a two-bedroom apartment at “Fair Market Rent” by working a standard 40-hour work week in ANY state in the U.S.
In California, a minimum wage worker would have to work 130 hours per week to afford the average apartment.
Via Out of Reach 2012: National Low Income Housing Coalition
With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this... read more