US Politics on Yik Yak | If the city is tying min wage to fair market rent, and there’s a 5% cap on min wage increases, then what’re the chances that rent increases will average at least 5% going forward?

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If the city is tying min wage to fair market rent, and there’s a 5% cap on min wage increases, then what’re the chances that rent increases will average at least 5% going forward?

link

Santa Fe tackles rental rates with first-in-US minimum wage approach

apnews.com

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Anonymous 5w

Santa Fe is also relatively cheap? Like if you go 30 minutes out west to Los Alamos or White rock it’s insanely expensive. But the city itself isn’t that expensive. ALSO they have good public transit somehow.

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