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Huge productivity growth doesn't seem to have translated into commensurate wage growth. Meanwhile housing, higher education, and health care are increasingly un
by musicale 4y ago
Huge productivity growth doesn't seem to have translated into commensurate wage growth. Meanwhile housing, higher education, and health care are increasingly unaffordable, as you note, and credentialism makes higher education a requirement for more jobs.
I think you're on target about the discouraging aspects of being visibly worse off than your parents' generation, and I think that millennials have that problem as well.
The situation is likely to get worse as AI-fueled productivity increases are unlikely to improve wages either.