It's a bit like saying: oh look, everything's going better now because fewer people die from pneumonia now than a hundred years ago. You're missing the bigger picture. An average young person is now much less likely to afford housing than the generation before them and even less likely then their grandparents.
>everything's going better now because fewer people die from pneumonia now than a hundred years ago. You're missing the bigger picture.
I'm not talking about pneumonia though, and surely the bigger picture is that the average person in the world is better off today than they were before?
I think the mechanism that caused that has billionaires as a side effect, which is hard to eliminate without also eliminating the thing that makes everyone better off.
>An average young person is now much less likely to afford housing than the generation before them and even less likely then their grandparents. What does that mean to you?
To me it means that the housing markets in many countries are poorly regulated and speculation fueled by low interest rates have inflated prices.
What does that mean to you?