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The number of vagrants had been decreasing YoY from ~2000 to 2020. I think the effect you see in cities is an increased concentration of vagrants from numerous
by latency-guy2 4y ago
The number of vagrants had been decreasing YoY from ~2000 to 2020. I think the effect you see in cities is an increased concentration of vagrants from numerous states and other cities into just a few. I do believe homeless population has generally increased over the last 2 years, so I won't belay this point any further.
Real dollars and wages have not increased a lot... for the average citizen, but has increased tremendously for those with more skills. Nevertheless, the average citizen does have more purchasing power compared to their rough equivalent ~50 years back. The main culprits of rising costs is healthcare, housing, and education. Housing has performed it's worst effect on the average American over the last 2 years, but before that was quite steady in relative cost to the average income. Food, entertainment, clothing, transportation, and communication are now much more affordable, inflation over the last 2 years has also put a dent into the relative cost to the average income, but nevertheless still better now than previous.
What solutions are there for the average American? Take advantage of https://en.wikipedia.org/wiki/Baumol%27s_cost_disease https://en.wikipedia.org/wiki/Baumol%27s_cost_disease, learn new skills and drive forth competition. Stagnant industries will have to adapt or they will die.
I don't think reality is quite so dire. There's not a lot that can convince me, I'm well aware of wage stagnation, I'm well aware of inflation YoY, I'm well aware that the average American is hurting quite a bit over the last 2 years. But in the long run, the average American is doing OK, and will be doing OK. Hopefully, OK turns into GOOD and thriving. Happy to be proven wrong though.