Quote (AspenSniper @ Oct 12 2017 11:27am)
http://www.msn.com/en-us/money/careersandeducation/the-barriers-stopping-poor-people-from-moving-to-better-jobs/ar-AAtkQfI?li=BBmkt5R&ocid=ientpSo I read this article from The Atlantic on why the poor can't move to better jobs. I was actually excited to be proven wrong and learn why the poor can't go work somewhere that pays them more or move out of their shitty situation. I was disappointed.
The article essentially says that someone living in bumfuck nowhere earns less than someone living in New York or San Francisco and because rents are rising in those high-job demand areas, it makes it so the poor are priced out of the market so they have to settle for low paying jobs in low rent area.
1. Cost is relative. Making $30k in an area where the average rent is $700 is only slightly worse than making $60k in an area where the average rent is $1400. Obviously I know the $60k job is better because there are more expenses than just rent, but you follow.
Well, you kinda already refuted your own objection by pointing out, it's not JUST the cost of the rent. Obviously the article focuses mainly on housing, but in reality you also have things like heating, electric, water, sewer/garbage, cable, and internet for example to consider. And of course you can expect an overall increase in the cost of restaurants and various shopping areas. Plus, you need to keep in mind tax brackets - A single person making 30k per year is in the 15% tax bracket, while a single person making 60k is in the 25% bracket, so that right there means you're not actually doubling your income while the cost of your rent IS being doubled (as per your example). The overarching point here is that when you are looking at your net income on your budget after factoring all these things in, these people are finding that they're netting LESS money overall which makes uprooting their lives seem like a stupid decision. And let's also not forget that moving isn't exactly a cheap endeavor on its own, so it's not an easy thing for people to instantly jump on either.
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2. Just because the "average rent is X" doesn't mean that's what it costs to live there. I have worked in the DC area for almost a decade now, but until very recently, I lived over 30 miles away. For example, if you work in DC, you can live in a city like Frederick where the cost of living is far cheaper, and still make it work. You'll just have an hour long commute. You could say the same thing about pretty much every city except maybe San Francisco. I have friends who work in DC and live in Hagerstown MD or Falling Waters WV where the commute really sucks, but you can buy a house in a decent area for $120k.
Again, you just refuted your own point by pointing out the travel involved. If you're giving up a job that's 15 minutes away for one that's 45 minutes away, that's now an extra 5 hours of your life per week you are losing and not getting paid for. And of course there's the extra cost in gas for your vehicle as well as the significantly increased wear and tear you're putting on your car, which means more maintenance and over time means you'll need a new car sooner than if you had stayed at the last job. These costs add up.
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So yeah, I don't buy this argument that because rents are rising because cities are becoming more high paying and high demand for jobs that require degrees and thus it makes it impossible for the poor to get by.
I welcome all. Tell me why I'm wrong.
Glad to help.
This post was edited by Magicman657 on Oct 12 2017 12:09pm