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@return2ozma@lemmy.world to News@lemmy.world • 1 year ago

Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago

fortune.com

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Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago

fortune.com

@return2ozma@lemmy.world to News@lemmy.world • 1 year ago
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“Since pre-pandemic, the income needed to afford rent has increased by 31.5%,” Zillow’s chief economist, Skylar Olsen, wrote yesterday.
  • @Coreidan@lemmy.world
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    -1•1 year ago

    The human race is truly fucked ain’t it? We are all out for ourselves. Nothing will ever change.

    • @Beetlejuice001@lemmy.wtf
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      1 year ago

      What single contributing factor would you say carries the most weight? Throughout history there has been inequality, but never like this. Even medieval peasants worked less than modern Americans.

      • @Coreidan@lemmy.world
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        1 year ago

        I think it’s our survival instinct to hoard. I don’t think we’ve evolved to live in such a massive civilization. We weren’t meant to live this way.

        I do think this level of equality would exist in older times if they knew they could get away with it.

        However the scale at which we live (the global economy) is so much larger that it’s easier for them to extract and hoard wealth. In older times our communities were much smaller. The consequences for fucking around were a lot higher because it was easier for the poors to hold them accountable.

      • @iopq@lemmy.world
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        0•1 year ago

        Source?

        • @Beetlejuice001@lemmy.wtf
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          1 year ago

          https://www.theladders.com/career-advice/the-average-american-worker-puts-in-more-hours-than-a-medieval-peasant

          Edit:lol downvoted for posting a source.

          • @iopq@lemmy.world
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            -1•1 year ago

            Thanks, the medieval worker put in much longer work hours, which is interesting

            • @Beetlejuice001@lemmy.wtf
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              1 year ago

              You must have some reading comprehension problems or you’re simply arguing in bad faith. I suspect it’s the latter

              https://www.adamsmith.org/blog/regulation-industry/medieval-peasants-really-did-not-work-only-150-days-a-year/

              https://www.grunge.com/847151/medieval-peasants-may-have-worked-less-than-modern-americans/

              https://groups.csail.mit.edu/mac/users/rauch/worktime/hours_workweek.html

              https://historycollection.com/medieval-peasants-worked-fewer-hours-than-modern-americans/

              https://allthatsinteresting.com/medieval-peasants-vacation-more

              • @iopq@lemmy.world
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                1•1 year ago

                Look at the column for medival worker vs. peasant

                • @Beetlejuice001@lemmy.wtf
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                  0•1 year ago

                  You cherry pick data to fit your narrative

                  • @iopq@lemmy.world
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                    1•1 year ago

                    What narrative? This is the first time I see that link

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