4 ms·
Sure, but don't tell me we are wealthier then a generation ago if basic things like kids and homeownership are now lofty luxury goals all of the sudden. A singl
by willcipriano 3y ago
Sure, but don't tell me we are wealthier then a generation ago if basic things like kids and homeownership are now lofty luxury goals all of the sudden. A single income used to be able to afford it, now two cannot, we are much poorer no matter how you hedonicly adjust CPI.
- silverquiet 3y agoYes, I got the classical econ education in college and bought into it for some time, but increasingly it just doesn't seem to jive with reality. I'm even really starting to disbelieve that productivity has actually increased that much in the last few decades.
- nickburns 3y agoprepared to be downvoted since i have nothing substantive to offer this discussion, but i've now seen it twice in these comments: the word is 'jibe.' apologies in advance for failing to control myself.
- xyzelement 3y agoOMG thank you. I always pictured two ideas "jiving" (doing that dance!) together for the like 3 decades I've been speaking English. Thanks for the upgrade.
- xyzelement 3y agoI don't accept your premise. People who want kids have kids. This is obvious as I am pretty sure poorer people have more kids than wealthier people. I have never heard anyone say "I really want kids but I can't afford them" - I hear people say generically "oh kids are expensive" but I've never heard of anyone use that for their own decision. 60% of women aged 35 or younger have kids. That doesn't sound like a "luxury". And I doubt that these are the strictly richest 60% of women...