Monday, January 04, 2016

Wages connect to quality of life. . .duh!

People like me, very fortunate and privileged people like me don't worry about housing in terms of "having it" or losing it or the basic quality of it.

In fact, most of us seldom give a thought to the cost of housing as it relates to wages earned in the work place and how this connection drives the quality and reality of the rest of life.

For example, most readers at this site have never considered breaking down their monthly housing costs in terms of hourly wages required to afford a two-bedroom apartment. Take a look at the chart below that indexes housing costs to hourly wages required.


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