Comment by estearum
4 days ago
No it hasn't.
Expectations are higher, competition is stiffer, and the gap between bottom and top end has grown, but by and large (especially in the US), the middle class quality of life has gone up.
Obviously specific regions that failed to transition out of low value-add manufacturing and agriculture have suffered, but the vast majority of Americans live in cities doing or supporting high value work.
It's not even competition anymore. It's a screaming void that deafens everyone, causing them to reach for the nearest "acceptable" thing just to quiet the endless cacophony of human struggling.
> the middle class quality of life has gone up.
As long as you don't try to buy a house.
I see kids, right out of college, making more than I ever made, at the peak of my career, unable to afford a house.
Yes this is a big problem but a large part of this is the total elimination of starter homes from the market. I.e. they would be able to afford the types of homes that earlier generations started in, but those homes simply don't exist anymore.
It's kind of a quality of life degradation, but it's a bit more complex than just "an attainable item is no longer attainable." It has never been normal to buy a 2600 sqft, 4 bedroom home at the start of a career.
It's not that starter homes were eliminated or were torn down, it's that construction stopped in cities. The downzonings of prior generations, combined with the limited ability to expand by car travel, finally hit its limit and the urban planning apparatus was in complete capture of people who didn't want the built environment to change.
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That's true.
From what I can see, those houses are being brought up by corporations, and turned into rentals.
Rental-only society is definitely possible (see Manhattan and Tokyo), but is a very different model from the traditional American suburban dream.