Thanks to decades of trickle-up economics, nearly half of American workers don’t earn enough to afford a one-bedroom rental, let alone buy a house.
There are some 130 million workers in he US. So the country has 65 million homeless?
Well, no, clearly not.
Rents in the US continued to increase through the pandemic, and a worker now needs to earn about $20.40 an hour to afford a modest one-bedroom rental. The median wage in the US is about $21 an hour.
That is, the average single and only worker in a household would find it difficult to rent a one bedroomed apartment for 30% or less of his or her income. That’s before any help or aid that comes through government or the tax system of course. Like, you know, Section 8 rent subsidies, or tax credits, or the EITC, or food stamps or whatever.
Or, you know, a lie in pursuit of the piece of political propaganda.