Would also probably help real wage stagnation because some of the downward pressure has been from increases in cost of living.
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Moving is expensive. Can't load kids on a wagon & go west (to California)as g.g.parents did in 1908.
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It's less expensive than it was before.
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@pmarca@RichardvReeves where you going to put these people?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@mattyglesias@RichardvReeves we as a society have decided houses can never decrease in value, in real terms, while wages do.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@ModeledBehavior@RichardvReeves that's actually a smaller gap than I would have expected.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Could it be the most productive people end up preferring to go to places where others can't afford to follow?
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