I’ve always expected that the slumlords are the ultimate recipients for minimum ...

		jmpman on Dec 23, 2024 \| parent \| context \| favorite \| on: The California job-killer that wasn't I’ve always expected that the slumlords are the ultimate recipients for minimum wage hikes. Would be interested in seeing the correlation between minimum wage and studio apartment rents. When the housing markets are constrained, the landlords are able to extract every penny from the workers.

Landlords in Silicon Valley have been doing this for decades in the tech sector.