Comment by logicchains
10 hours ago
Low growth means young people are miserable and have worse standards of living than their parents, as we're seeing in most of western Europe, where GDP per capita hasn't meaningfully increased for decades.
10 hours ago
Low growth means young people are miserable and have worse standards of living than their parents, as we're seeing in most of western Europe, where GDP per capita hasn't meaningfully increased for decades.
That's due to inflation though no? Prices are increasing, sometimes due to more than just demand?
Exactly. Low growth is a problem, but the primary reason young people feel so miserable is on the cost of living side of the equation.