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Pretty much every mainstream economist defending the mainstream economy to preserve the status quo in that widening the income gap is a good thing for the mains
by mnsc 5y ago
Pretty much every mainstream economist defending the mainstream economy to preserve the status quo in that widening the income gap is a good thing for the mainstream economy you mean?
- saddlerustle 5y agoHigh housing prices is terrible for the economy. It's the cause of the decrease in worker mobility which is probably a big the part of the stagnation in productivity growth. Estimates put it at a full 10% of GDP lost.
- gameman144 5y agoThere are actually loads of mainstream economists today who recognize and are looking to address the wealth gap. Most of the pushback I've read about has been objections that specific policies proposed to solve it have side-effects that create a whole new slew of problems.
- imtringued 5y agoPretty much every economist thinks "high prices? make more!". That applies to housing too.
- engineeringwoke 5y agoBuh... but the GDP went up? That's good right?
- Mauricebranagh 5y agoWhich is then snapped up in a lot of cities (London SF Vancouver) by the newly rich from places like China / Russia as a way to get their money out of the country.