A new report shows rents are up in cities and metro areas across the country, as demand for apartments continue to exceed supply.
The average monthly apartment rent for the year’s second quarter was $1,099, up from $1,064 at the same time last year. The quarterly report from Reis, the real estate research firm, revealed that this was the 18th consecutive quarter of rent increases.
Dane Atkinson is a tech entrepreneur who started his first company at 17 and has run almost a dozen more since. He's so friendly that he manages to sound cheerful while explaining the art of hiring workers for as little money possible.
"I have on many occasions paid the exact same skill set wildly different fees because I was able to negotiate with one person better than another," he says.
Some employees were worth $70,000 a year, but only asked for $50,000 a year. So, he says, he paid them $50,000 a year.
David Hyde interviews Carl Adrian, president of the Tri-City Development Council. He has a message to Seattle entrepreneurs that want to relocate due to the hike in the minimum wage here: "We're open for business."
As the Seattle City Council continues to debate a plan to phase in a $15 minimum wage, and as minimum wage advocates gather signatures to put an even stronger measure on the November ballot, businesses in the city are finding themselves in an uncomfortable position: in limbo.
The Planet Money men's T-shirt was made in Bangladesh, by workers who make about $3 a day, with overtime. The Planet Money women's T-shirt was made in Colombia, by workers who make roughly $13 a day, without overtime.
The wages in both places are remarkably low by U.S. standards. But the gap between them is huge. Workers in Colombia make more than four times what their counterparts make in Bangladesh. In our reporting, we saw that the workers in Colombia have a much higher standard of living than the workers in Bangladesh.
Referred to as one of the most awkward conversations outside of a first date, asking for a raise is no walk in the park. There's an art to it. And in this economic climate where rent is skyrocketing and wages are stagnating, knowing how to ask for more money is a good skill to have. President of Career-Horizons, Matt Youngquist, teaches Ross Reynolds the art of salary negotiation.
The US Census Bureau released numbers this week looking at poverty rates and wages across the US in 2012. Our local numbers reflect what’s happening around the country: the number of people living in poverty has stagnated and wages have stayed about the same.
At first glance, this may seem like good news, or even non-news. But the census numbers reveal a larger picture of what’s happening in the wake of the recession: that people in low and middle income brackets aren’t really experiencing a recovery.
Jennifer Romich is the director of the West Coast Poverty Center and an associate professor at the UW School of Social Work. She told KUOW's Marcie Sillman the "statistically insignificant" numbers from the Census Bureau paint a concerning picture of many people that are unable to get ahead financially.
Losia Nyankale, 29, didn't mean to make a career in the restaurant business. But after Nyankale was in college for two years, her mom lost her job as a schoolteacher and could no longer pay tuition. Then, Nyankale's temp jobs in bookkeeping dried up in the recession. So she went back to her standby — restaurant work.
"I did some kitchen work. The pantries or the salad station," she says. "I've also managed, supervised, wash[ed] dishes."