America has never been affordable. The real mirage is thinking it was - and no, that time it was affordable for white people because the blacks were in chains and the women couldn’t work and the rest of the world was in shambles doesn’t count.
Now that women can work, ratcheting effects of dual-income households being able to spend more mean that generally two incomes are required to keep up the same standard of living, so now women must work. This does not seem like an improvement to me. Before, women who wanted to work could not, now women who want to stay at home with their kids can not.
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[ 2.4 ms ] story [ 18.4 ms ] threadTo use my, now standard, tagline: This is total bullshit...
The Economist often has insightful writing, but the premise of this article is just wrong.
Like the entire field of "economics", this article is inaccurate, because of basing it's assertion on "Lies, Damn lies, and Statistics".
Using a mean to judge any kind of society wide assessment is just not going to be accurate in any modern economic analysis...