NICKEL AND DIMED BY BARBARA EHRENREICH Housing costs pose the greatest obstacle for low-wage workers. Why does our society seem to resist rectifying this situation? Do you believe there are realistic solutions to the lack of affordable housing?

The interests of tenants and landlords are at odds on the question of housing costs and there is resistance to keeping housing affordable because it then becomes difficult for landlords to profit from their ownership and to upkeep the properties because standards and expenses are also on the rise.

Explanation:

The lack of affordable housing is a problem for many lower income Americans as real estate speculation has led to the gentrification of many neighborhoods where rents were formerly lower and where it was more feasible for someone of lower income to affordable housing. Now it is a struggle in many of the major cities in the United States for lower-income people to find affordable housing and a larger percentage of their income has to go to meeting housing costs, which makes it more difficult for them to afford other necessities like food, clothing, heating, and transportation costs. A realistic situation would be to introduced municipal-level rent controls as cities like New York have done in the past. Although landlords also lobby against such measures because it affects the margins they can earn on their properties.

levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.