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A comment on Despite rising wages, 61% of Americans are still living paycheck to paycheck. Parent comment

Re:Despite rising wages, 61% of Americans are still living p... by zamfi on Thursday February 17, 2022 @02:03PM (#30377178)
> cost of housing combined with manufacturing outsourcing

I think these are two separate issues.

> business school grads saving into their 40s to buy homes

For example, on this -- surely, if anything, manufacturing outsourcing has only made business school grads get paid more?

If you're not already familiar, take a look at Baumol's cost disease [0] for more on the phenomena at play here.

[0]: https://en.wikipedia.org/wiki/Baumol%27s_cost_disease

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Re:Despite rising wages, 61% of Americans are still living p... by curiousllama on Thursday February 17, 2022 @02:48PM (#30377754)
> business school grads saving into their 40s to buy homes

Median pay out of top b schools is ~$125-$150k. If you have a stay at home partner and a few kids, you prob need to make partner/Director before you can buy a townhouse in a Brooklyn.

That said, if you're single and work for an I Bank in Chicago, you'll be able to buy when you hit VP in your early 30s.

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Re:Despite rising wages, 61% of Americans are still living p... by zamfi on Saturday February 19, 2022 @12:41AM (#30394709)
> buy a townhouse in a Brooklyn

This is not equivalent to “buy homes” — this is like saying they wait until 40 to buy a car because the Honda Civic they drove in their 20s doesn’t count, they need a BMW.

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