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While lower house prices would be great for "millennials", the real problem is the gap in income[1] that started a ~25 years ago. Housing prices wouldn't be nea
by pdkl95 10y ago
While lower house prices would be great for "millennials", the real problem is the gap in income[1] that started a ~25 years ago. Housing prices wouldn't be nearly as bad if incomes were at their proper level relative to productivity.
[1] https://upload.wikimedia.org/wikipedia/commons/e/ef/Productivity_and_Real_Median_Family_Income_Growth_in_the_United_States.png https://upload.wikimedia.org/wikipedia/commons/e/ef/Producti...
- ArkyBeagle 10y agoDean Baker places this at around 1980, so more than 25 years. There was the one span of time ( late '90s ) where it was suspended, and wages grew. He has a new book, "Rigged" and flogs the book on BookTv ( my "books for the post literate" source... )