Only 20% - that seems really low?
Housing costs, food, and access to medical care seem like much bigger factors affecting quality-of-life. And we could go on: childcare costs, declining social safety net, rise in not only home purchase costs but also renting as well, enormous rise in cost of higher education, the switch to fascism, all of this would naively seem to me to contribute far more to life than a mere paycheck in the moment, especially if there is lower stability to turn that paycheck into actual living.
The article cuts off fairly quickly though so if it talked about it down below that, I couldn’t read it.
“It takes a village…”
I think is an idiom that people don’t understand. It’s all of our collective society that people have to grow and adapt for within and the village is burning and broken. It’s not just the pay but for boomers they decided that’s all there was to life and now the rest of it decays when you can buy it back.
Yeah we definitely make less but also have to buy more and somehow it’s all still worse for it.
Yup it is crazy how much people could earn, buy a house, buy all that stuff and still kinda swim in money.
The Generation of my Grandparents was like that. Rebuilding the country, enjoying the unrestrained economic growth, having a really good and early pension… it is crazy.
It’s the billionaires. Apparently it was trickle-up economics all along.
I don’t know, man. Maybe we need another 28 thousand studies to prove the same plainly obvious fact.
No don’t you get it? We can allow them to control all wealth in existence because that doesn’t hurt our economy because some celebrity economist from my high-school economics class in the 70s told me that value was theoretically infinite.
