SANTA FE — The Santa Fe City Council voted on Wednesday to raise its minimum wage from $15 an hour to $17.50 in 2027, eliciting praise from workers’ rights advocates
This will, unfortunately, inflate rents even further – as much as I love the idea.
One of the only real ways to bring down rents and thereby leave more money in workers’ pockets in a meaningful way is to tax vacancies. Without doing something like that, these extra wages go right to the landlords.
This will, unfortunately, inflate rents even further – as much as I love the idea.
One of the only real ways to bring down rents and thereby leave more money in workers’ pockets in a meaningful way is to tax vacancies. Without doing something like that, these extra wages go right to the landlords.