KNAPP: Yes, the rent is too damn high, but not because the minimum wage is too damn low
“Full-time minimum wage workers cannot afford a two-bedroom rental anywhere in the U.S.,” Alicia Adamczyk writes at CNBC, “and cannot afford a one-bedroom rental in 95% of U.S. counties.” Adamczyk gets her figures from the National Low Income Housing Coalition’s annual “Out of Reach” report. Here are a few numbers NLIHC isn’t as eager to talk about: According to the US Bureau of Labor Statistics, a whopping 1.9% of all American workers, and only 1% of full-time workers, earned minimum […]