I just realized why the “economic boom” story feels very surreal to me (quite apart from any skeptical bias I may have as an anti-Trumper). I can’t put any anecdotal color on it. It’s a boom without a story attached, at least in non-1% blue coastal world. Anyone got anything?
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By contrast in the 90s and mid aughts it felt like everybody I met was winning or in FOMO about being left behind in easy-wins times.
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I think if we calculated true inflation (especially in coastal cities) instead of the govt manipulated CPI we would see that while people are employed and making more money, it’s not growing as fast as the CoL for many ppl.
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Simple math: no amount of normal income growth can outrun the cost increase rates of education, health, and housing.
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Agreed. I highly recommend _Goliath_ by
@matthewstoller, a great history of the politics/economics of the last 100 years and how it led to our current economic malaise.http://amzn.to/38dQeTgThanks. Twitter will use this to make your timeline better. UndoUndo
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