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NYC affordable housing crisis solutions? Offshore housing platforms! On a monorail.

So apparently the implementation of minimum hourly wage for all new construction projects is impeding growth of affordable housing. In NYC that wage has been increased to $70/hour from $40/hour. The wage for construction workers. This impedes any new housing projects being started because of wage costs.
Rediculous! Minimum wage in NYC? $17/hour. While I support union labor there need to be limits.
My suggestion is hourly wage above minimum wage be taxed at 50% such that of the $40 23 of it would be taxed at 1/2 the first 17$ at normal tax rate. The$70/hour wage would be taxed at base rate up to minimum wage ($17/hr) then 50% up to twice the rate of minimum wage hourly ($34/hr) and then what?
I think increasing wage tax in increments might be the future! So at $51/hr it becomes 75%? The only solution to the debt crisis.
Regarding housing build residential microcosms platforms off-shore connected to the city by monorail. There simply isn’t affordable housing on land it’s all taken over occupied ancient and expensive to maintain.
Get creative people! We need affordable housing so people will have offspring.
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Likestoenjoylife · 51-55, M
Old buildings being converted to liveable are always double the cost of building new anywhere in the US and rents have to be raised to cover the cost of the renovation. Plus how long will it take to make sure everything is code Asbestos, lead pipes, and lead paint have to be removed before you start it would be months to years to do this not a quick fix.
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exchrist · 36-40
@jshm2 and I’m proposing this one. But okay I am overreaching a bit! These things are always presented, by news, as “happening now”. Not as “coming soon” or as “it’s been proposed”. So that’s a helpful perspective. Thanks
exchrist · 36-40
@jshm2 furthermore the point I was trying to make while I’m alternating between reading a book cooking and taking phone calls is that a huge impediment to any new housing projects is the cost of labor at this time a proposed wage increases from $40 to $70 for construction jobs is getting in the way of housing projects even getting started the price of the labor to build the new housing is going to nearly double. Delaying construction of much needed affordable housing.
To confirm
exchrist · 36-40
Much like the baby boom a retiree bust is coming and it is going to be BIG

 
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