My greatest generation grandfather paid off his mortgage in about five years with a sixth grade education. I grant that was in part due to the postwar boom and

My greatest generation grandfather paid off his mortgage in about five years with a sixth grade education. I grant that was in part due to the postwar boom and his real wages skyrocketing after closing, but it’s worth remembering that the working class stopped sharing in real productivity gains in about 1965. We’ve had similar economic booms but real wages have remained flat, or actually sharply declined in terms of housing.