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
The bestselling citizen's guide to economicsBasic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains... read more