I also like to think of it in terms of hours for goods.
A Switch 2 is like $500. A game for it is $70. The minimum US wage for an hour of human labor is $7.25.
The right to play Pokemon legally is worth 78.62 hours of productive labor, or 2 weeks of full employment.
According to Zillow the average rent in the US is $2000. So the average landlord is entitled to the equivalent of 275.86 hours of the minimum value of labor. That’s 6.9 (ni.ce) weeks of full employment.
Financial advisors say no more than 25-30% of your income should go to housing. The average rent is $2000/mo, so the average income should be $8000/mo. The average landlord thinks the average American should make $96,000/y. $7.25/h4052 = $15,080/y. Based on the 25% rule one should be able to find a place renting for $314.17 somewhere.
Measuring minimum wage in calories is some dystopian shit.
I also like to think of it in terms of hours for goods.
A Switch 2 is like $500. A game for it is $70. The minimum US wage for an hour of human labor is $7.25.
The right to play Pokemon legally is worth 78.62 hours of productive labor, or 2 weeks of full employment.
According to Zillow the average rent in the US is $2000. So the average landlord is entitled to the equivalent of 275.86 hours of the minimum value of labor. That’s 6.9 (ni.ce) weeks of full employment.
Financial advisors say no more than 25-30% of your income should go to housing. The average rent is $2000/mo, so the average income should be $8000/mo. The average landlord thinks the average American should make $96,000/y. $7.25/h4052 = $15,080/y. Based on the 25% rule one should be able to find a place renting for $314.17 somewhere.