undefined | Better HN

story

0 pointskrageon4y ago0 comments

Can't buy a house, can't expect work with reasonable pay in most places, will probably be impacted severely by climate change, food prices are quickly becoming extremely high. The future is shit.

0 comments

dcolkitt4y ago

The percent of household budgets spent on food has been steadily falling for 50 years. It’s very recently ticked up slightly, but this is a tiny blip on an otherwise very long running trend.

Median real wages are the highest they’ve ever been in history.

Climate change may lower the rate of economic growth but there’s no scenario where GDP growth goes negative because of climate change. Even given the worse effects of climate change, the people of the future will be significantly materially wealthier than people today.

Housing is a major issue, fueled by terrible NIMBY policies that have artificially restricted supply. But there are still many metros, with relatively cheap housing.

krageonOP4y ago

> Median real wages are the highest they’ve ever been in history.

Now I know you are joking, those have been falling at least since 2008 and they weren't doing so hot before that either. If we're talking about boomer childhoods, sure. Life was great then. Now, not so much (at least, not in that way - medicine is definitely better).

> Housing is a major issue, fueled by terrible NIMBY policies that have artificially restricted supply. But there are still many metros, with relatively cheap housing.

This might be a US thing. Where I live housing is an issue because there quite simply are not enough houses being built that anyone normal can afford. For the ultra-rich, the country is a playground.

j / k navigate · click thread line to collapse