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> cost of housing combined with manufacturing outsourcing I think these are two separate issues. > business school grads saving into their 40s to buy homes F
by zamfi 5y ago
> cost of housing combined with manufacturing outsourcing
I think these are two separate issues.
> business school grads saving into their 40s to buy homes
For example, on this -- surely, if anything, manufacturing outsourcing has only made business school grads get paid more?
If you're not already familiar, take a look at Baumol's cost disease [0] for more on the phenomena at play here.
[0]: https://en.wikipedia.org/wiki/Baumol%27s_cost_disease https://en.wikipedia.org/wiki/Baumol%27s_cost_disease
- curiousllama 5y ago> business school grads saving into their 40s to buy homes Median pay out of top b schools is ~$125-$150k. If you have a stay at home partner and a few kids, you prob need to make partner/Director before you can buy a townhouse in a Brooklyn. That said, if you're single and work for an I Bank in Chicago, you'll be able to buy when you hit VP in your early 30s.
- zamfi 5y ago> buy a townhouse in a Brooklyn This is not equivalent to “buy homes” — this is like saying they wait until 40 to buy a car because the Honda Civic they drove in their 20s doesn’t count, they need a BMW.