I think you might be overestimating the number of people who could do this: "you could always get a job as long as you had a pulse and could name a programming language".
Gig work has been found to be intensely on the rise, with very little of the already meager protections of full time employment. Companies that basically run saas + employment marketplaces reduced their overhead and risk strategically by only hiring 'gig' workers. Most of these people, uber drivers, doordashers, thumbtackers, etc, etc cannot tell you whether an LLC is better for them than an SCorp, cannot navigate a defined benefit plan and cannot afford insurance, retirement, sick days, and so on. This was purposefully strategic and shared openly.
30 year mortgages are not recent, but their relationship to the average income has changed drastically in just two years. Educational debt has been on the rise for 20+ years. These honestly are all well documented.
People's expectations were that pensions would be replaced by 401ks, and retirement could start at 65. For many 65 means a job at walmart, sam's club, or other forms of low level employment.
Gig work has been found to be intensely on the rise, with very little of the already meager protections of full time employment. Companies that basically run saas + employment marketplaces reduced their overhead and risk strategically by only hiring 'gig' workers. Most of these people, uber drivers, doordashers, thumbtackers, etc, etc cannot tell you whether an LLC is better for them than an SCorp, cannot navigate a defined benefit plan and cannot afford insurance, retirement, sick days, and so on. This was purposefully strategic and shared openly.
30 year mortgages are not recent, but their relationship to the average income has changed drastically in just two years. Educational debt has been on the rise for 20+ years. These honestly are all well documented.
People's expectations were that pensions would be replaced by 401ks, and retirement could start at 65. For many 65 means a job at walmart, sam's club, or other forms of low level employment.