News for hackers. Stuff that matters.
Re:Why Rent Is So High and Pay So Low by WalterBright on Friday August 07, 2015 @08:25PM (#10025814)
The growth from 30 to 35% 1970 to present is enormous. People often point to the 1950's as the good old economic days, and the percentage was much lower then, as well.
Re:Why Rent Is So High and Pay So Low by ori_b on Friday August 07, 2015 @09:22PM (#10025958)
More important than that, though, is that the USA was one of the few highly industrialized nations in the world which did not have its factories bombed out less than a decade before.
Re:Why Rent Is So High and Pay So Low by Retric on Friday August 07, 2015 @10:01PM (#10026050)
Umm US Gov spending was 30% GDP in 2000, bushes wars and a recession bumped it to 35% but that's hardly a run up.