News for hackers. Stuff that matters.

A comment on Some school districts plan to end the year early, call remote learning too tough. Parent comment

Re:Some school districts plan to end the year early, call re... by ip26 on Tuesday April 28, 2020 @06:01PM (#23012664)
I do wonder about that sometimes. It doesn't seem to be discussed much.

On the one hand inflation-adjusted GDP is 5x higher than the 60's (https://www.multpl.com/us-gdp-inflation-adjusted) so even if the workforce doubled the pie got much larger.

On the other hand markets like real estate have somewhat inelastic supply and higher household incomes as a result of dual earners might just bid up prices.

[ Parent | on HN ]
Re:Some school districts plan to end the year early, call re... by thewarrior on Tuesday April 28, 2020 @07:22PM (#23013361)
Elizabeth Warren wrote a book about this called the Two Income Trap. It’s a shame for someone who’s not an American that America has deep thinkers like Warren in politics but people like Trump and GW Bush become president.
[ Parent | on HN ]