Can’t build wealth when half or more of the income goes towards rent or that 6% 1million mortgage.
Wealth disparity increasing, cost of housing increasing, GDP/capita decreasing, productivity decreasing. This is not the “The Great Reset” that I was envisioning after COVID19. I was dubious of course, but I really thought there’s a chance of more progressive policies. But instead we just have the feds subsidizing electric vehicles tech.
Also, they assume that employers will be happy to reduce the hours worked while keeping the same wages. That’d be wonderful but unrealistic.