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Any source for that claim?

by 0xDEF 3y ago

totallywrong 3y ago
By simple observation, average single-income households were able to own a home and raise a family back then.
- meiraleal 3y ago
  But they couldn't have a top notch smartphone or a computer that is as fast as server the size of whole buildings. Although most people want to buy a house, given a smartphone and a rent or a house but living with no smartphone or internet, I think most people would choose pay rent and have access to internet and a smartphone.
- giannaT 3y ago
  They still can. Just not in luxury areas.
  - lelandbatey 3y ago
    Sooooo as the parent said, "no." "Luxury areas" are not somehow "optional" for the people that have to live there to work there, as the term "luxury area" implies.
    - DianeS 3y ago
      They don’t have to work there. Plenty of jobs in non-luxurious areas.
- randomdata 3y ago
  That was the urbanization movement. Average families were no longer able to afford to stay in the rural areas they grew up in, but were quite well off compared to the poor who historically occupied the urban areas. As such, they were able to swoop in and buy up everything for a song in those urban areas. That is less about their income and more about taking advantage of a market disparity. Prior to COVID many similar disparities were able to be found. In fact, there was a growing counter-urbanization movement taking advantage of it. It does seem opportunists sitting at home not allowed to do anything else during COVID squeezed a lot of them dry along with everything else, granted.
elcritch 3y ago
There's plenty floating around. Thougn it's definitely debatable depending on how you define productivity. 1: https://www.epi.org/publication/charting-wage-stagnation/ https://www.epi.org/publication/charting-wage-stagnation/ 2: https://clockify.me/productivity-pay-gap https://clockify.me/productivity-pay-gap For me at least from family in construction work it's very clear. They made the same hourly wage in the 80's as many workers do now, despite how much more productive construction has gotten. The second article has a good quote: > Wages and productivity were not growing at a directly proportional pace, but for some industries, such as high-tech (especially nowadays), wages are proportional to productivity. It all depends on the choice of variables taken into account.

Any source for that claim?

by 0xDEF 3y ago

Any source for that claim?

totallywrong 3y ago

By simple observation, average single-income households were able to own a home and raise a family back then.

meiraleal 3y ago
But they couldn't have a top notch smartphone or a computer that is as fast as server the size of whole buildings. Although most people want to buy a house, given a smartphone and a rent or a house but living with no smartphone or internet, I think most people would choose pay rent and have access to internet and a smartphone.
giannaT 3y ago
They still can. Just not in luxury areas.
- lelandbatey 3y ago
  Sooooo as the parent said, "no." "Luxury areas" are not somehow "optional" for the people that have to live there to work there, as the term "luxury area" implies.
  - DianeS 3y ago
    They don’t have to work there. Plenty of jobs in non-luxurious areas.
randomdata 3y ago
That was the urbanization movement. Average families were no longer able to afford to stay in the rural areas they grew up in, but were quite well off compared to the poor who historically occupied the urban areas. As such, they were able to swoop in and buy up everything for a song in those urban areas. That is less about their income and more about taking advantage of a market disparity. Prior to COVID many similar disparities were able to be found. In fact, there was a growing counter-urbanization movement taking advantage of it. It does seem opportunists sitting at home not allowed to do anything else during COVID squeezed a lot of them dry along with everything else, granted.

elcritch 3y ago

There's plenty floating around. Thougn it's definitely debatable depending on how you define productivity. 1: https://www.epi.org/publication/charting-wage-stagnation/ https://www.epi.org/publication/charting-wage-stagnation/ 2: https://clockify.me/productivity-pay-gap https://clockify.me/productivity-pay-gap For me at least from family in construction work it's very clear. They made the same hourly wage in the 80's as many workers do now, despite how much more productive construction has gotten. The second article has a good quote: > Wages and productivity were not growing at a directly proportional pace, but for some industries, such as high-tech (especially nowadays), wages are proportional to productivity. It all depends on the choice of variables taken into account.