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return2ozma@lemmy.worldBanned from community to News@lemmy.world · 2 years ago

Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago

fortune.com

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Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago

fortune.com

return2ozma@lemmy.worldBanned from community to News@lemmy.world · 2 years ago
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“Since pre-pandemic, the income needed to afford rent has increased by 31.5%,” Zillow’s chief economist, Skylar Olsen, wrote yesterday.
  • Beetlejuice001@lemmy.wtf
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    2 years ago

    What single contributing factor would you say carries the most weight? Throughout history there has been inequality, but never like this. Even medieval peasants worked less than modern Americans.

    • Coreidan@lemmy.world
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      2 years ago

      I think it’s our survival instinct to hoard. I don’t think we’ve evolved to live in such a massive civilization. We weren’t meant to live this way.

      I do think this level of equality would exist in older times if they knew they could get away with it.

      However the scale at which we live (the global economy) is so much larger that it’s easier for them to extract and hoard wealth. In older times our communities were much smaller. The consequences for fucking around were a lot higher because it was easier for the poors to hold them accountable.

    • iopq@lemmy.world
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      2 years ago

      Source?

      • Beetlejuice001@lemmy.wtf
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        2 years ago

        https://www.theladders.com/career-advice/the-average-american-worker-puts-in-more-hours-than-a-medieval-peasant

        Edit:lol downvoted for posting a source.

        • iopq@lemmy.world
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          2 years ago

          Thanks, the medieval worker put in much longer work hours, which is interesting

          • Beetlejuice001@lemmy.wtf
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            2 years ago

            You must have some reading comprehension problems or you’re simply arguing in bad faith. I suspect it’s the latter

            https://www.adamsmith.org/blog/regulation-industry/medieval-peasants-really-did-not-work-only-150-days-a-year/

            https://www.grunge.com/847151/medieval-peasants-may-have-worked-less-than-modern-americans/

            https://groups.csail.mit.edu/mac/users/rauch/worktime/hours_workweek.html

            https://historycollection.com/medieval-peasants-worked-fewer-hours-than-modern-americans/

            https://allthatsinteresting.com/medieval-peasants-vacation-more

            • iopq@lemmy.world
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              2 years ago

              Look at the column for medival worker vs. peasant

              • Beetlejuice001@lemmy.wtf
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                2 years ago

                You cherry pick data to fit your narrative

                • iopq@lemmy.world
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                  2 years ago

                  What narrative? This is the first time I see that link

                  • theprogressivist @lemmy.worldBanned from community
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                    2 years ago

                    The commentor you’re talking to has a bad tendency to change his/her original comment multiple times and then tries to gaslight people. Don’t take the chud serious.

                  • Beetlejuice001@lemmy.wtf
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                    2 years ago

                    Removed by mod

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