Affordable Housing: a case against.

New York City mayor Michael Bloomberg has promised to leave as a legacy 500,000 units of fresh built Affordable Housing.

As you’ll suspect I propose there is nothing wrong with affordable housing. I’m tempted to suspect there’s nothing but good about it. But before we take that flying assumptive leap one must first ask Why.

Why would New York’s billionaire mayor want to build a half million units of Affordable Housing?

Why indeed? Follow The Money.

Affordable housing serves a Corporate Interest; by enabling Them to pay sub standard wages.

Low rent housing is a pricelessly needed tool for those who would keep the wages low. Because the homeless can’t work. Not that a homeless human can’t work; many can and will gladly. Still, it’s near impossible to hold down a job when you’re homeless. The work force must be housed. House it a half million-strong in low rent digs and New York City’s workforce has a Low Wage Mass — built in for generations.

The solution to New York City’s housing crisis is to set the minimum wage to adjust automatically to the cost of living. One good case may be reasonably mounted against my solution: what ill effect a mandatory, potentially steep minimum wage increase will have on struggling businesses?

A reasonable question.  Which must be dealt with because a minimum wage which self adjusts to the cost of living is unequivocally the right & humane thing to do.

I propose the difference between what employers can afford to pay, and what their employees reasonably need, be skimmed off the Top. Set a Maximum Wage — that reflexively self adjusts to meet the minimum wage’s new cost-of-living self adjustment.

I call it the reverse Trickle-Down feedback loop theory.

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