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What happens to cities when low wage workers are priced out?




A sign for an apartment to rent is seen in Los Angeles on May 27, 2009.
A sign for an apartment to rent is seen in Los Angeles on May 27, 2009.
Gabriel Bouys/Getty Images

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A new report from the real estate company Zillow finds commutes into San Francisco have gotten a lot longer for lower wage workers over the past few years. That's because they've been forced to move out of the city as rents have risen and wages have stagnated.

What happens to a community when lower wage workers can no longer afford to live there, like in parts of LA, where, as one-time presidential candidate Jimmy McMillan would say, the rent is too damn high.

A Martinez speaks with Jessie Handbury, Assistant Professor of Real Estate at the Wharton School at the University of Pennsylvania and Brian Uhler, Senior Fiscal & policy Analyst with the Legislative Analyst's Office, about the impacts of high priced real estate.