• 2 Posts
  • 54 Comments
Joined 1 year ago
cake
Cake day: June 21st, 2023

help-circle








  • Nurgle@lemmy.worldtoMemes@lemmy.mlOof ouch owie
    link
    fedilink
    arrow-up
    32
    ·
    edit-2
    1 year ago

    College is very expensive in the US, with the average “in-state” school costing $26K/yr for someone who lives on campus and $56K/yr for a private institution. Since a majority of undergraduates are teenagers with virtually no savings, they take on loans to pay for college. Also unlike traditional loans where you can declare bankruptcy, these loans are very difficult to get forgiven.

    There obviously a lot more to it, but that’s the gist in three sentences.









  • Nurgle@lemmy.worldtoMemes@lemmy.mlMadness
    link
    fedilink
    arrow-up
    8
    ·
    1 year ago

    Some places do pool a percentage of tips and pay them out to the kitchen and/or bar. Usually kitchen is paid more than waitstaff, and waitstaff is also likely to be cut if it’s slow, so may get less hours. Some states allow employers to pay tip based workers below minimum wage.



  • I get that argument and I think there’s some merit to it since like you said this whole thing is muddled. But the counter point is often those vacated units are in another town or city. So in the way overly simplified scenario, if 36 “programmers” move to the city, the vacated units through out the country don’t help the “bus drivers” who are tied to the area.

    Again we largely agree, I just wanted to illustrate even the simple assumptions like building more is good isn’t always that straight forward in this fucked up system.


  • Nurgle@lemmy.worldtoMemes@lemmy.mlPOVERTY IS A FEATURE NOT A BUG
    link
    fedilink
    arrow-up
    45
    arrow-down
    7
    ·
    edit-2
    1 year ago

    This is kinda like saying we need more farms to solve hunger.

    The cost of housing is very detached from supply. For rentals, companies bought up housing and just jacked up the price, because renters are a semi captive client base.

    New construction sometimes doesn’t even help, when developers knocks down an old affordable 12 unit apartment building and build a luxury 36 unit building, you’ve created -12 units of affordable housing.

    Even for home buyers, they’re facing a major up hill battle going against existing home owners who have access to the capital of their current homes, and even worse corporate home buyers.

    This isn’t to say supply isn’t an issue and we can ignore it, but we need to stop housing from just being an investment vehicle. Otherwise we’re just going to get garbage housing at prices no one can afford.