California Minimum-Wage Earners Work 19 Hours-A-Day, 7 Days-A-Week To Afford Rent

by Tyler Durden
ZeroHedge.com
09/02/2014

Thanks to The Fed-inspired fast-money flood driving up asset prices, owning or even renting a home has become unaffordable to most. Working a 40-hour-week, a single-earner in D.C. would need to be paid a $28.25 minimum wage for afford to rent a home… and if you live in California (and earn minimum wage), you will need to work 18.6 hours-a-day, 7 days-a-week to afford rent. Thank you Ben and Janet…

The Rest…HERE

This entry was posted on Tuesday, September 2nd, 2014 at 10:46 pm and is filed under Economics, Government Evil. You can follow any responses to this entry through the RSS 2.0 feed.