Comments by "BVargas78" (@BVargas78) on "Soviet Comrade's Ideas About $15 Minimum Wage in America #podcast" video.

I think cheaper rent through not for profit social housing is more beneficial to society. Rent tends to be the highest expense for poorer workers and through not for profit rents, the worker would have more money left over in their pocket at the end of the month. And we don't hurt businesses. The only loser would be those getting rich from charging exorbitant rents and getting fat wallets from the the most basic of needs, of the least well off working people. Where we to make more social housing they would probably have to eventually lower their rent in order to remain competitive. Otherwise if we keep raising the minimum wage to really high levels it could just end up with those landlords thinking, 'oh so they have more money now? I'll just raise my rent then!' and society loses. Both the tenants, and the businesses that have to pay those increased wages.
1