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Day 864: Low Wages, High Rents

The Canadian Press: New Orleans Labourers Take Low-pay Work In Post-Katrina City

… Temporary workers, many with limited job opportunities and substandard housing, accepted the $8.00-an-hour wage to mop up the spilled beer and nacho cheese that stained the aisles after Monday’s BCS Championship game. They are happy for the work in the struggling city, they said, but many ache for normalcy to return.

… The Greater New Orleans Community Data Center found that the unemployment rate has improved from 5.3 per cent to 4.5 per cent since the storm, but fair market rent has risen 46 per cent, and large patches of the area are abandoned.

But, how else do you expect the Superdome and local landlords to make money?

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