> The numbers are significant in that wages increasingly have been recognized as a driving force in inflation.
The wealthy are buying up all the tangible assets and price gouging everyone with high rent and subscriptions for everything imaginable, but it’s the workers asking for enough money to keep up that’s driving inflation. Ok.
The western world has gone from single income homeowners in the 80s to dual income homeowners today. That’s 80 hours of work per household per week instead of 40. IMO we’re trending towards multigenerational home ownership where it may require 4-6 income earners to own a house.
We’ll all be living paycheck-to-paycheck with 3 families to a house and the economists will still be blaming inflation on the working class having too much money. Maybe it’s time to start asking if a lack of competition is allowing the ownership class to manipulate supply so they can set unfair prices.
The wealthy are buying up all the tangible assets and price gouging everyone with high rent and subscriptions for everything imaginable, but it’s the workers asking for enough money to keep up that’s driving inflation. Ok.
The western world has gone from single income homeowners in the 80s to dual income homeowners today. That’s 80 hours of work per household per week instead of 40. IMO we’re trending towards multigenerational home ownership where it may require 4-6 income earners to own a house.
We’ll all be living paycheck-to-paycheck with 3 families to a house and the economists will still be blaming inflation on the working class having too much money. Maybe it’s time to start asking if a lack of competition is allowing the ownership class to manipulate supply so they can set unfair prices.