Re:The Myth of the Science and Engineering Shortage
by a8da6b0c91d on Sunday March 23, 2014 @12:23AM
(#7452124)
> I didn't have kids
> sq-ft
Well this sort of thing is the crux of the matter. If you give a shit about restaurants and ipads, well yes now is better. If the idea of having a handful of grandkids appeals to you, well now is worse.
Re:The Myth of the Science and Engineering Shortage
by mjn on Sunday March 23, 2014 @12:26AM
(#7452130)
I acknowledged that I didn't have kids, but I also made <$50k. I could've paid for kids, and lived quite well doing so, if I had an extra $250k/yr!
Re:The Myth of the Science and Engineering Shortage
by eli_gottlieb on Sunday March 23, 2014 @05:37AM
(#7452720)
There has been a large divergence in purchasing power between consumer goods, permanent assets, and lifestyle/durable goods. Everything that is a mere consumer good or lifestyle good (computers, meals out, washing machines, some cars) has gotten much cheaper. Everything that is at least partially an asset or lifestyle/status good (some cars, almost all real-estate, vacation time, health insurance, possibly a boat) has gotten much more expensive.
The result is a society in which people find it quite easy to obtain what their parents would have called frivolous luxuries (sushi), but quite difficult to obtain what their parents would have called basics (an affordable house in a good neighborhood).
I would wager the couple making $300k in SF are not living like that. Hell, I used to live a lifestyle much better than my grandparents did back when I lived in the Bay Area, on a lot less than a six-figure salary. I didn't have kids, but I also didn't even make $50k, and yet I still ate out multiple times per week, not per year.
I know nobody making over $80k in the SF Bay Area who I would not be comfortable calling at least upper-middle-class. The people who think otherwise mostly live in an insane bubble in which they only know people in the top 10% of the income distribution, and have absolutely no idea what a middle-class American lives like.