Congress just passed a housing law that rewards states for reform — here’s why Colorado has a head start

In Colorado, a full-time worker must earn US$36.44 an hour to afford a modest two-bedroom apartment without spending more than 30% of their income on rent, according to a recent report from the National Low Income Housing Coalition.

The state’s minimum wage is $15.16. Someone earning that would have to work 96 hours a week, more than two full-time jobs, to cover rent.

IFDP Paper: Occupational Complexity, Capital-Skill Complementarity, and the Evolution of U.S. Wage Inequality: A Quantitative Analysis

Colin Caines, Florian Hoffmann, Gueorgui KambourovWe document a strong, positive relationship between occupational problem complexity, measured from US data on problem-solving requirements, and occupational wage growth since 1980. In contrast, employment shifts toward more complex occupations have been modest, suggesting a race between the demand for and supply of complex skills.

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