3 ms·
> I also think the long-tail economics of capitalism is about shrinking worker entitlements to enrich capital holders. Not too long ago you'd have a house with
by Karrot_Kream 5y ago
> I also think the long-tail economics of capitalism is about shrinking worker entitlements to enrich capital holders. Not too long ago you'd have a house with a spare bedroom or two or three. Now you're huddling in a condo or apartment that's 1bd or two, if you have kids. So we romanticize having less because its easier than challenging the system.
This is way too sweeping a statement on the very complicated housing market that's constructing a strawman (capitalism is a system, it doesn't have long-term goals like a person does.) In the past, most women would not work, so the demand for jobs was nearly half of what it became once women started entering the workforce. As automation became more effective and manufacturing jobs became less necessary, regional centers of production became unnecessary (when you don't need to ship your output you don't need to have a center of hard goods in different physical locations) and jobs began to be concentrated in cities and metros with lots of highly educated labor. In America in particular, new housing construction plummeted after the early '70s and so housing around job centers became very expensive. That and several other macro trends contributed to making job centers in the US expensive to live in. There's plenty of cheap land/housing in the US still if a job is not a factor.