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I wonder how much the averages bring that down. Healthcare is up across the board, but real estate may not be up much if at all in non-growing areas. Wages just
by taurath 7y ago
I wonder how much the averages bring that down. Healthcare is up across the board, but real estate may not be up much if at all in non-growing areas. Wages just aren't growing I think.
- toomuchtodo 7y agoWage growth over the last 15 years has been consumed by healthcare premiums (without a corresponding increase in care quality). We haven’t been getting raises because the healthcare sector has been absorbing them.
- DeonPenny 7y agoWages actually have been growing especially recently
- ummonk 7y agoYeah, it feels like all COL is proportional to local employment availability so cost of living is substantially higher for a working adult.
- pixelperfect 7y agoA large fraction of the population lives in growing areas, so the rising cost of real estate in growing areas is an extremely important factor, and on average it's been rising faster than wages for decades.