Out Of Reach: National Low Income Housing Coalition


The Stats Don’t Lie
In no state can a person working full-time at minimum wage afford a one-bedroom apartment at the Fair Market Rent.
Every year since 1989 Out of Reach has shown the gap between wages and rents across the country and the gap continues to grow as the cost of housing increases more quickly than earnings. A renter earning the federal minimum wage of $7.25 per hour would need to work 85 hours per week to afford a one-bedroom rent at the Fair Market Rent and 102 hours per week to afford a two-bedroom Fair Market Rent.

Economist’s View: Paul Krugman: The Big Meh


"A growing number of economists … are wondering if the technological revolution has been greatly overhyped… New technologies have yielded great headlines, but modest economic results. Why?
One possibility is that the numbers are missing the reality, especially the benefits of new products and services."