Housekeeping We Have a Winner!
posted by October 15 at 15:59 PMon
Daniel Rutherford was the first person to correctly answer the pop-quiz math question in our endorsements and email us at iworkherebutican’email@example.com.
The question, to refresh your memory:
The city of Seattle considers $1,153 a month for a one-bedroom apartment “workforce” housing. Next year, the state minimum wage will increase to $8.55 an hour. How many hours a month would you have to work at minimum wage to pay “workforce” rent?
For his correct(ish!) answer of 135 hours (see below), Daniel gets a $50 check and a large cardboard box.
Why do I say “correct(ish)”? Because, while $8.55 * 135 hours technically gets you to $1,153, that’s without ANY other expenses. (Or taxes and other deductions, but let’s leave that one alone). Given that the city of Seattle defines “affordable” housing as what you can pay for using 30 percent of your monthly income, you’d actually have to work 449 hours a month—or 104 hours a week, assuming 13 four-week “months” per year—to make enough to “afford” the city’s “affordable” housing. That’s like having almost three full-time minimum-wage jobs! (For kicks, I did the same quick calculation using the federal minimum, and found you’d have to work 176 total hours to pay for the city’s “workforce” housing, or 135 hours a week to “afford” that housing. Neat!).
Thanks to everyone who submitted answers. For getting his in first, Daniel gets a check for $50 and a large cardboard box.