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Murdy

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Did raising the minimum wage to 20 bucks an hour in California effect any positive change overall?

did it?

Please direct me to where I said it did. Perhaps you can try to address my entire post before you deflect… it didn’t help, which is why I brought up the other issues with vacancy tax and rent control.

Now wut?
 

Lily

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Please direct me to where I said it did. Perhaps you can try to address my entire post before you deflect… it didn’t help, which is why I brought up the other issues with vacancy tax and rent control.

Now wut?

Do you mean it's not enough? I'm sure the workers getting a higher wage are happier and able to handle their economic situation better. Does it solve all their problems? Of course not.

Who did it hurt?
 

Murdy

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Do you mean it's not enough? I'm sure the workers getting a higher wage are happier and able to handle their economic situation better. Does it solve all their problems? Of course not.

Who did it hurt?

Rent prices drive the real estate prices. When the minimum wage goes up, the rent prices drastically increase.

If no one can afford housing, the hourly wage could be $1000 and it wouldn’t make a difference.

I’m basing this on 30+ years being invested in that market.
 
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Even if manufacturing returns, which America "factories" aren't set up to do anymore or don't exist, how much will that cost American business to invest in restructuring manufacturing facilities? How much time would that take?
It’d take years to build a new manufacturing infrastructure, in the meantime prices are going higher
 

Lily

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Rent prices drive the real estate prices. When the minimum wage goes up, the rent prices drastically increase.

If no one can afford housing, the hourly wage could be $1000 and it wouldn’t make a difference.

I’m basing this on 30+ years being invested in that market.

Sure, housing goes up. Housing in CA isn't only about wages though, even if you've been invested. It's about a scarcity of supply. That influences prices way more than the minimum wage.
 

Murdy

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Sure, housing goes up. Housing in CA isn't only about wages though, even if you've been invested. It's about a scarcity of supply. That influences prices way more than the minimum wage.

I was moving to Seattle when their minimum wage was increased and watched it impact the market. So, it’s not just here.

I wouldn’t be able to afford where I live unless I inherited a property purchased in the 1940s. They bought for around $40k and I could sell right now for about $4mil. Inflation has nothing on supply and demand. Just listing this property would inevitably create a bidding war and I could end up closer to around $6mil. But I’m not selling because I’m grandfathered in.

Most of my newer commercial tenants are people returning to California, which is surprising. Vegas is about to tank… so there is that.
 
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They went from nowhere to a manufacturing and innovation giant in well under a decade.
Granted for ill intent. Was it all just amphetamine fueled?
They had the advantage of having the best science and engineering around, and nothing standing in their way domestically and slave labor and stolen wealth
 

Murdy

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They had the advantage of having the best science and engineering around, and nothing standing in their way domestically and slave and stolen wealth

All of our medical advances came from the experiments performed on the Jews.
 

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It's more about what should we manufacture, imo, vs can we manufacture the things we used to. I think we need to be careful what we are building for, the future or the past?
Can we still manufacture quality oak furniture and attractive clothing?
Apparently not.

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Lily

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I was moving to Seattle when their minimum wage was increased and watched it impact the market. So, it’s not just here.

I wouldn’t be able to afford where I live unless I inherited a property purchased in the 1940s. They bought for around $40k and I could sell right now for about $4mil. Inflation has nothing on supply and demand. Just listing this property would inevitably create a bidding war and I could end up closer to around $6mil. But I’m not selling because I’m grandfathered in.

Most of my newer commercial tenants are people returning to California, which is surprising. Vegas is about to tank… so there is that.

I didn't say it was only in CA. There is a affordable housing crisis around the United States. It's more than wages. It's the supply vs the demand that is most impactful.

One of the huge problems is investors buying single family properties and renting them out as a business. Families can't compete with real estate investors from Wall Street.
 
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I didn't say it was only in CA. There is a affordable housing crisis around the United States. It's more than wages. It's the supply vs the demand that is most impactful.

One of the huge problems is investors buying single family properties and renting them out as a business. Families can't compete with real estate investors from Wall Street.
It’s also Wall Street converting homes into investment portfolios
 
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Yep, everything is disposable, which only adds to the problem of waste in landfills.

I hate buying low quality products and replacing them over and over. I don't do that. I buy the best quality I can afford.
Odds are everyone of us have microplastics in our bodies. But I think mass deportations and tariffs will fix that.