The minimum wage, in theory, was set up to provide a floor income allowing anyone who worked (again, in theory) to earn enough to survive on a 40-hour per week job. At a federal rate of $5.15 an hour that has, of course, been something of a lie for quite a while now.
But the report released this week from the National Low Income Housing Coalition puts concrete numbers to what most of us assume. Natonally it notes, "more than 80% of all renter households live in jurisdictions where the minimum wage is less than half of the Housing Wage. In other words, the vast majority of renter households find themselves in localities in which decent housing is unaffordable unless their combined income exceeds that of two wage earners working full-time, with no vacation or sick days, at the minimum wage." In other words, out of reach of even a couple both of whom work full time, at minimum wage.
And in the Northwest? (more…)