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pixel_of_moral_decay t1_jbkk3xo wrote

Reply to comment by flapjack212 in Newport Rental Crazy Price Increase 20-25%+ by recklessmax80

It is when you realize minimum wage climbs each year in NJ (for another 2 years?), and unionization across the river made labor way more expensive here.

Newport buildings have concierge and porters maintaining them. Their wages had to go up about 20% if they kept up with the region. A bit more if it was someone they really wanted to retain.

And wages are likely ~40% of the operating budget for any luxury building that age.

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recklessmax80 OP t1_jbm4252 wrote

In all honesty i am very friendly with the handyman and porters as i have lived here for few years and their wages have not gone up 20% or 40% from what they tell me. Infact they laid off staff during the pandemic and have since not hired the same number of them back to service the building . Even if some hourly inceases are factored in it still does not justify the monthly price increases of 20-25%

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pixel_of_moral_decay t1_jbmc2r6 wrote

They aren’t telling you the full story. Year over year it’s about 20% from 2021 to 2022 from the budget I’ve seen for door staff in my building. And still short staffed because you make way more if you take a job across the river, and there’s a ton of openings there.

You should do the right/ethical thing and suggest they job hunt then, because they can do way better in this economy.

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