In 2021, the National Low Income Housing Coalition released a report, Out of Reach: the High Cost of Housing, in which it stated that “a full-time worker must earn an hourly wage of $24.90 on average to s ‘provide modest housing for two years’. one bedroom rental house in the United States The housing wage for a two bedroom house is $17.65 above the federal minimum wage of $7.25 and $6.12 above the national average hourly wage of 18, $78 won by tenants. In 10 states and the District of Columbia, the two-bedroom housing wage is over $25.00 per hour. »
The situation for some in the bracket may have worsened due to inflation and supply shortages. There has been news recently about mortgage delinquency rates, a cold housing market, a hot job market and low economic productivity. There was also news of interest rate hikes as well as unemployment versus inflation suggestions.
Although the dollar has reached its highest level against the euro in years, the most important thing is how can the trade deficit disappear for good?
There are several indicators of a good economy, where productivity is vital.
The minimum wage is low and insufficient for those in the lowest income bracket. The minimum wage also cannot be set too high, some economists say, to avoid offshoring of jobs or employers unwilling to hire more workers.
A low minimum wage is an opportunity for employers and employees, because if it is not enough, what can be adjusted around it, so that the labor glut affects productivity in all industries in order to avoid supply problems, reduce inflation and have a trade surplus? Two-hour shift work.
People are hired to work in roles for only two hours per slot, but to earn around half minimum wage. The reason for this low pay is that 2 hours may not be long enough to require too much mental and physical effort. The salary, which may not do much for the cost of living, would provide at least a minimum income, with less workload, which could offset some of the shopping for basic necessities.
Housing and other “benefits” could be provided to two-hour workers in a county or state, to have that part of their cost of living checked under a public-private arrangement.
The goal is to produce semiconductors and several other necessities for export around the world.
The objective is to have more people available to do the intense work, but for capped hours, distributing what should be too much for one person, for a minimum wage that is not enough.
There could be other benefits including after-sales and what’s happening in the market, which we can agree that if it works it comes, if it doesn’t work then nothing, but the base salary is the half the minimum wage.
This proposed labor economy model could be useful in solving the housing crisis and homelessness in some places, the job losses in former industrial cities and the lack of jobs in many others, while stimulating economic production.