"One of the best reasons to raise L.A.’s minimum wage is the region’s incredibly high cost of housing. Metropolitan Los Angeles is ranked the least affordable rental market in the nation because the city has a dual problem -- low incomes and high costs. Rosalie Ray with UCLA’s Center for the Study of Inequality made the same point last year during a Westside Urban Forum discussion on the rental rate crisis in L.A. She was a coauthor of a study that said Los Angeles is least affordable rental market in the nation and that the solution was to increase renter earnings and the supply of affordable housing..."
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03/30/2015
LA Times Opinion: "Raise The Minimum Wage, But Don't Forget About The Cost of Housing"
About UCLA Ziman Center for Real Estate
- UCLA Ziman Center is a multidisciplinary research center of UCLA Anderson School of Management and UCLA School of Law. We seek to advance thought leadership in the field of real estate by generating influential research, educating the next generation of leaders and providing meaningful forums for industry professionals and policy makers.
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