DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Hours at minimum wage needed to afford rent

**SappyAppy** · 08-03-2012, 06:46 PM

Per the article, here's the catch:

By “affordable,” the Coalition means paying no more than 30 percent of income for housing costs (rent and utilities) So they discount the wages one makes by 70% to purposely make it look "unaffordable". If you take minimum wage and cut 70% off the top, then yes everything will begin to look unaffordable.

08-03-2012, 06:46 PM	#17
SappyAppy Join Date Oct 2005 Posts 402 Senior Member	Per the article, here's the catch: By “affordable,” the Coalition means paying no more than 30 percent of income for housing costs (rent and utilities) So they discount the wages one makes by 70% to purposely make it look "unaffordable". If you take minimum wage and cut 70% off the top, then yes everything will begin to look unaffordable.
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