Have Lawmakers given up?
Have Lawmakers given up?
This year, it seems as if state lawmakers have given up on dealing with the increasing
housing cost. Little to no new solutions have been proposed, and those that have are not
being passed through and put into place. The state is at a stand-still and lawmakers seem
to take the "I guess we'll just have to wait and see what happens" approach.
As litigation passes to increase the minimum wage to $15 an hour, many people believe that
this increase will ease the burden on low and middle-income families and low for economic
growth and eventually lead to a reduction in the housing shortage.
"Economists worry that if lawmakers don't fix the housing supply problems, many of the
state's efforts to improve the lives of low-income residents will falter. Many legislators
cited high housing costs as a reason to boost California's minimum wage to $15 per hour
over the next six years, but "'unless something's done to stem housing costs, much of that
pay increase could be eaten up by high (LA Times)er rents, 'Thornberg said."
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