Re:Ask vs. Guess Culture
by travem on Friday August 18, 2023 @02:42PM
(#37180221)
> At the same time, automation and productivity has reduced demand for human labor, and people increasingly can’t afford the rent
Given the juxtaposition of the claims above, I think it is useful to note that demand for labor is still relatively high (unemployment rate at ~3.5% in the US). The reason for unaffordable rents is driven more by the supply of housing not growing along with demand IMO.
Re:Ask vs. Guess Culture
by Cthulhu_ on Friday August 18, 2023 @05:07PM
(#37182104)
And demand being artifically inflated by investors (ranging from boomers / gen-X ers who have extra money to Saudi oil barons) who buy up houses with the intent to rent them out or whatever.
Given the juxtaposition of the claims above, I think it is useful to note that demand for labor is still relatively high (unemployment rate at ~3.5% in the US). The reason for unaffordable rents is driven more by the supply of housing not growing along with demand IMO.