The Trump Presidency Message Board

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Politics : The Trump Presidency

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Wharf Rat

To: koan who wrote (255445)	10/27/2022 5:22:13 PM
From: neolib	1 Recommendation Read Replies (2) of 358269

its change in wages that matter... when you have wages that are rapidly increasing (i.e. going from the Federal minimum wage to $15/hr) then over a few years where that happens, expect to see the working poor go out and buy a house, which they can now afford, until oops, house prices double in a couple of years and the FED doubles mortgage rates, and the affordability of those $15hr/wages are now back down to $8/hr. Ouch...

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