Comment by wat10000

5 hours ago

And yet the median household income is only about $87,000. I’m skeptical.

What’s there to be skeptical about? It’s well known and data-confirmed that wealth has been transferred out of the middle and lower classes in the last half century or so.

The people who are making below the median make things work by living in public or rent controlled housing, getting a heck of a lot of roommates, or living in single room apartments with shared bathrooms.

  • You obviously don’t need that much to live if well over half the city makes less.

    • Unless the lower half is getting by via overcrowding (living in a small apartment with a large number of roommates or extended family), supplemental nutrition assistance, rent control, etc.

      The common example given is how Walmart is the largest employer of people on SNAP in the USA, which equates to corporate welfare. Walmart is directly receiving taxpayer dollars since they don't need to pay employees a living wage.

      1 reply →