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Why a severe housing shortage means reduced wages for workers

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Published on Jun 23, 2016

According to a new report, more than 40 million American households are spending a third of their income on rent, and housing shortages in major cities such as New York and San Francisco may ultimately lead to billions of dollars in lost economic productivity. Special correspondent Duarte Geraldino reports on the origins of the problem and why it has progressed to such a drastic level.

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