Higher minimum wage = more unemployment or higher cost of goods. UBI seems like a more complete solution
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Just RTFA’d. So “only” 1-3m jobs lost in exchange for a lot of wage lift. Guess it’s a classic trade off scenario. How do you think those 1-3m unemployed will feel?
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Replying to @sarthakgh @hunterwalk and
My pet peeve re this entire “living wage” political debate is the overemphasis on absolute wages & lack of focus on bringing major cost drivers like rent down (not through rent subsidies but via housing reg overhaul). As we have seen in edu, unaccountable subsidies backfire
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you're still going to need a massive expansion in rental subsidies though even with regulatory overhaul. Only 1 in 4 families that qualifies for Section 8 still has access to them anymore.
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thx for that stat. And I’m not religiously against rent subsidies. I’m against political grandstanding that results in *only* subsidies because they are good optics politically. Actually caring entails fixing underlying issues while also enabling markets to do what they do well.
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this is basically what's going to happen on the ballot this November. People asking for more money but stalling or obfuscating any kinds of process improvements that would make things cheaper.
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Replying to @kimmaicutler @sarthakgh and
SF is the only major city to have a discretionary process embedded into its city constitution, which means that anybody can appeal any project for $600 and some paperwork and the mayor was trying to take it out for affordable projects.
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Replying to @kimmaicutler @sarthakgh and
but the equivalent of the city council blocked it with a weaker measure that doesn't affect the city charter. They made up some special rules meeting on a weird day, created a quorum and then killed it.
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same council also opposed Scott's bill to add more transit-oriented density throughout California near rail lines. I could go on and on and on.
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ughh this is so fucking stupid
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