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I agree regarding housing. What I'm sceptical about is whether these potential productivity gains benefit those who work to survive or those who live (or at lea
by squishington 1y ago
I agree regarding housing. What I'm sceptical about is whether these potential productivity gains benefit those who work to survive or those who live (or at least derive a substantial income) from passive gains from assets. Have we not increased productivity since the year 2000? In those 25 years things have not got better for workers. My parents come up into the middle class from abject poverty in the 50s (think wards of the state and foster homes). Free education and a much less competitive job market, and low house prices and rents, enabled them to get up in the economic hierarchy. If they were born in the 90s like I was, there would be no chance of that.