The National Low Income Housing Coalition put out its annual Out of Reach report this week. The results are pretty ugly. Rent is no longer affordable in any state. This has everything to do with wages that are too low to afford basic housing needs nationwide.
It is no wonder, then, that homelessness recently jumped 12% in the Los Angeles area, or that LA just adopted a $15 per hour minimum wage as a response. An extra 50,000 homeless on the street, with no affordable housing to relieve the pressure is a situation that can no longer be ignored. This is a national emergency.
Two excellent articles describing its highlights are curated below. My comments regarding my neck of the California woods follow. Continue reading The intersection of wage stagnation and a looming housing crisis on Blog#42