caption Mission Bay is San Francisco’s most expensive neighborhood. source Shutterstock Using data from RENTCafé, we found the most expensive and most affordable neighborhoods in nine major US cities. The findings show a sharp contrast in rent across different neighborhoods in the same city. The average monthly rent in San Francisco‘s most affordable neighborhood is higher than rent in the most expensive neighborhoods of six cities on this list. There’s arguably nothing as grueling as searching for a new place to live – especially if you’re an urban-dwelling renter on a budget. Rent in the US is up 7% this year, albeit at a slower pace of growth, and rents as a percentage of income are at a historic high of 29.1%. It’s no surprise, then, that renters spent a record amount of money on housing in 2017, paying $485.6 billion to landlords, Business Insider’s … [Read more...] about How much renters pay to live in the most expensive neighborhoods in 9 major US cities — and in the most affordable
How much is minimum wage
How much does it take to ‘survive’? INTROSPECTIVE - Tony Katigbak (The Philippine Star) - June 11, 2018 - 12:00am Over the past few weeks I’ve written about the rising costs of goods and services. Electricity increased, gas increased, and even basic goods like groceries and the like have increased as well. What was targeted as supposed “tax savings” from the TRAIN Law has turned into nothing of the sort with whatever tiny “savings” people were able to glean from their salaries going full into the rising prices of basic necessities. In some cases this wasn’t even enough to cover the dramatic increases across the board and people found themselves with even less at the end of the month. For anyone to think, let alone say that the economy is doing well is blatantly missing the point that inflation is at an all-time high and every single Filipino has been having a more difficult time … [Read more...] about How much does it take to ‘survive’?
Concern about rising prices has led to renewed demand to raise the minimum wage. In fact, it has led to proposals to radically raise the country’s already high national minimum wage. The minimum wage in the East Asia development context. The Philippine minimum wage is the one of the highest among the country’s major competitors within ASEAN. (I refer mainly to Thailand, Indonesia, and Vietnam, which have fairly sizable economies.) These other countries face similar inflationary pressures that we encounter, but they have done much better in raising investments to generate jobs and are conquering poverty faster. These countries used the minimum wage to protect the entry level wage rate for the unskilled workers, not to raise the average incomes of most workers. To encourage the rise in wages, they relied on government policies to stimulate market forces. What their governments did was to accelerate employment growth by attracting investments and to improve worker productivity … [Read more...] about The minimum wage and economic progress
According to the Ministry of Manpower, there were 246,800 foreign domestic workers working in Singapore as of 31st December 2017, comprising 18 per cent of the foreign workforce in the country. Not only that, as the demand for foreign domestic workers grew, their bargaining power also has been growing as well, translating into higher salaries and better protection through comprehensive insurance packages. While this is a good news for the helpers, it could conversely result in higher costs for households in Singapore. Then, just how much does one have to earn to afford a FDW in Singapore today? HOW MUCH DOES IT COST TO HIRE A FOREIGN DOMESTIC WORKER? According to our research, it costs about S$1,400 in one-time fees just to hire a maid foreign domestic worker. Most households hiring a helper for the first time usually go through maid agencies as they take care of all the paperwork and can also help out with mediation if things do not work out between you and your new FDW. Hiring a … [Read more...] about How much do you have to earn to hire a foreign domestic worker in Singapore?
To raise or not to raise the daily minimum wage is an uphill task being mulled by policymakers and employers across the business spectrum. Broadly speaking, trade unions are proponents of the hike amid demand for a fairer wage resulting from low-income earners' blood-and-sweat efforts. But as usual, employers have voiced opposition on the grounds that a wage hike would derail their business through higher costs.The daily minimum wage has remained the same for five years. The last nationwide rise was in 2012, when a base rate of 300 baht was adopted by Yingluck Shinawatra's government.But rises have taken place since then to tackle poverty in certain provinces. Last year, eight provinces didn't get a wage hike at all, while other provinces got rises ranging from five to 10 baht.Judgment Day for the minimum wage rise will fall on Jan 17, with employees hoping for a favourable outcome.A minimal hike should not affect small and medium-sized enterprises (SMEs) with a low-tier payment rate, … [Read more...] about Minimum wage hike sounded out