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A great deal of (US) income consumption goes toward people bidding against each other just on where to live. Take out wildly overpriced education, healthcare,
by AJ007 10y ago
A great deal of (US) income consumption goes toward people bidding against each other just on where to live.
Take out wildly overpriced education, healthcare, and housing, and you can get by with barely working. 40% of Americans over 16 don't work at all, granted they may rely on government transfer payments and other services. https://data.bls.gov/timeseries/LNS12300000 https://data.bls.gov/timeseries/LNS12300000
- lostlogin 10y agoGiven that 21% ish of the population is under 16, that leaves a total of just under half the population doing any paid work. This seems surprisingly low to me. https://www.census.gov/prod/cen2010/briefs/c2010br-03.pdf https://www.census.gov/prod/cen2010/briefs/c2010br-03.pdf