pretty much all the arguing about careers and making a living is really due to cost of living which is due to this graph, and almost nothing else. The red area is housing that doesn't exist. It's what 2008 caused us not to build. Solve this and you solve everything. https://t.co/UwVq3Ir4Qc
when housing is scarce in high-productivity areas, some people are priced out of the area altogether, so they can’t move within range of better jobs.
This means that many people are working in less productive jobs than they could if it was easier for them to move to more productive places. Their wages and productivity are lower and it’s harder for h
... See moreBaumol’s cost disease to include any sector of the economy where demand is inelastic (goods and services that most consider “essential), and supply/productivity is naturally and/or artificially restricted. With this expanded definition, four sectors of the economy stand out as afflicted by cost disease: healthcare, higher education, housing, and ch
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