Thursday, May 31, 2012

There is not a single state in the US where a 40 hour minimum wage work week is enough to afford a 2 bedroom apartment.

WOW: In No State Is a 40-Hour, Minimum Wage Work Week Enough to Afford a Two-Bedroom Apartment

The above graphic exploded on Facebook this weekend. It shows how many minimum wage hours a worker needs to work in order to be able to afford a two-bedroom unit at “Fair Market Rent” in any given state. The FMR is a figure determined by the U.S. Department of Housing and Urban Development (HUD).
The numbers don’t show any discernible trend aside from perhaps 1) states with high cost of living/rent such as NY, NJ, DC, MD require the most man hours and 2) the minimum wage is too low. The latter, of course, is the point of this graphic.
For a complete list of state minimum wages see Wikipedia.

No comments:

Post a Comment