this post was submitted on 10 May 2025
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Lemmy Be Wholesome
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Has he tried paying his employees a good wage and benefits?
He sold his company for eight figures and used that wealth to build these communities for the people most in need, not (just) his (now former) employees.
But even if he was still CEO, the fact remains that it's not just for his employees and pay is still just half the equation: he doesn't control the price of rent, and the real solution is rent control. Otherwise nothing stops landlords from just raising rent higher ans higher once they figure out that employers will just pay their tenants more.
So yes, good pay matters, and we need comprehensive minimum wage laws and worker protection, but we also need rent control. And preferably to banish all landlords to the shadow realm.
Rent control is a stopgap measure. Without enough supply, it doesn't matter how controlled the rent is if your odds of obtaining a unit are miniscule. Adding to the supply as a response to rising rental rates and property prices is the correct way to keep things stable. Which should be the govt's job, but...
Rent control is a good first step. Building more is second.
Cooperations crying that controlled rent is bad bc it doesn't let them build more... have they tried reducing the CEOs' pay? And asking for government intervention in building houses?