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Worth noting the decline in how much is spent on food: in 1950 it was a third of household income, now it's 13%. So part of the cost of living has drastically d
by patmcguire 11y ago
Worth noting the decline in how much is spent on food: in 1950 it was a third of household income, now it's 13%. So part of the cost of living has drastically decreased.
- ArkyBeagle 11y agoAlmost all sectors of the economy have delivered much improved value since 1950. In many cases at reduced cost. Real estate, education and medical care are subsidized. When you subsidize something, they cost more and you get more of it. So we constrain residential real estate development by regulation - zoning, permitting.
- brc 11y agoAll the sectors free of excessive regulation and central planning have shown massively reduced costs. Energy and housing - increasingly micro controlled to a fine detail, both spiralling ever upwards way in front of inflation. Healthcare: massively regulated, increased costs. Hiring people : massively regulated, increased costs (for the buyer) result : less buyers meaning less employment. The problem is clearly excessive regulation but any problem is immediately met with calls for more regulation. Until this becomes so incredibly clear that people can no longer deny it - it will just go on and on.