Top Pro & Con Arguments

Con

Raising the minimum wage would increase housing costs.

In cities such as Los Angeles with a limited housing supply, raising the minimum wage but not increasing housing stock would lead to an increase in rental prices as “700,000 minimum wage workers will have more money to compete for the same low inventory of rental units,” according to researchers from the University of California in Los Angeles. [72] One Los Angeles-based blogger estimated a raise in rental prices by $173/month if the minimum wage was increased to $15/hour. [64] Lucas Hall, founder of Landlordology.com, stated: “Raising the minimum wage causes a temporary spike in spending power… Landlords raise rents as tenants are willing and able to pay more.” [73]

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