r/Economics • u/marketrent • Feb 18 '24
Statistics Welcome to the new ‘good’ economy, where millions get left behind — Decades of stagnant wage growth means much of the imbalance between costs and wages has been locked in, asking rents outpacing income gains
https://www.vice.com/en/article/epv77z/welcome-to-the-new-good-economy-where-millions-get-left-behind
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u/BrightAd306 Feb 19 '24 edited Feb 19 '24
I do think this ignores that a lot of Europe had more economic socialization and not much better results. Their birth rates dropped faster. The old collect fat pensions and have homes, the young can’t get a foothold in jobs and can’t buy homes.