Re: Help with a Minimum Wage Model

From: Charles Hixson (charleshixsn@earthlink.net)
Date: Thu Apr 10 2003 - 15:52:11 MDT

  • Next message: Charles Hixson: "Re: Help with a Minimum Wage Model"

    Lee Daniel Crocker wrote:

    > ...
    >
    >was in 1970, by the only measure that matters: amount of labor
    >for goods comsumed. I have a single 40-hr/wk desk job, no
    >significant outside income (a poker tournament win or two), and
    >I can afford to live alone in a three-bedroom house with all
    >the latest cooking and entertainment gadgets, a three-computer
    >network, plenty of food, good wine, full medical coverage, a
    >
    >
    ...
    What state are you living in? My experience has been that housing
    expenses have been climbing at a truely fantastic rate. Far faster than
    inflation accepts. Now I'm not renting, so I'm not directly affected,
    but 10%/year raises in rent aren't unheard of. Without improvements.
    Mind you, I live in the SF Bay area, so I wouldn't expect this to match
    most observations. But it's unreal. If you hear about a well paying
    job in this area, make sure you factor in the cost of housing, or you
    will get a rude surprise, and be living in one of the instant tenements
    that they've been putting up. And still forking over more than you
    expected to be paying on a mortgage. And that's *AFTER* the economic
    downturn.

    -- 
    -- Charles Hixson
    Gnu software that is free,
    The best is yet to be.
    


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