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I think it’s first order the rent (commercial) and second order the wages needed to pay rents (residential). Having seen the rents in the major cities I don’t know how people manage - it’s insanity.


Virtually nobody's mad at commercial landlords for being the only people actually making money in the (non-chain) restaurant industry though.


And chain restaurants are often a large part real-estate plays: https://qz.com/965779/mcdonalds-isnt-really-a-fast-food-chai...


Land Value Tax fixes this


The profit margin for commercial real estate (in a highly developed country) is probably similar to a non-chain restaurant.


I'd love to see a law that ties the minimum wage to the average rent in the nearby area. Make the business owners and the landlords battle it out.

Obviously, this suggestion is extremely tongue-in-cheek and would probably be absolutely awful in practice for a million reasons.




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