@silverwizard the minimum wage should be a living wage. Housing, food, clothing, medical, education.
But NYC and SF are waaaay more out of whack than Omaha, Nebraska where I live. So a federal minimum wage based on NYC would be propping up those insane housing valuations, further enriching those landowners. Those valuations, rent prices should collapse.
I think some version of this formula could work. But locally, not nationally. Punish Omaha’s city council and mayor for not building enough affordable housing here. Don’t try to punish Omaha for NYC’s insanity. We can’t possibly afford that.