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The housing number is a national average. If you look at major cities housing has done what health care and college tuition has done. The general phenomenon de
by api 8y ago
The housing number is a national average. If you look at major cities housing has done what health care and college tuition has done.
The general phenomenon described by this article is something I've heard referred to as "in-deflation" in a couple places: inflation in everything you need, deflation in everything you make (and thus wages). It's been the economic condition of the US and to some extent Europe since roughly 2001-2002.
- avgDev 8y ago"inflation in everything you need, deflation in everything you make" Everyone needs food, farmers need equipment, I make equipment for farmers therefore my wages should grow instead of stagnating based on that statement? Or does the statement mean that the actual profits go to the select few that own companies that produce the stuff you need?
- api 8y agoI think "everything" is an exaggeration, but it's not entirely wrong. The main sectors to experience runaway inflation have been health care, college tuition, and real estate in major cities. Housing is a necessity while the others while not absolutely non-negotiable are pretty solidly in the "need" category.