Interesting to see that since 1975, wages have essentially not budged, while inflation-adjusted housing prices have increased more than 50%. Housing + education + healthcare all cost far more, in real terms, than 40+ years ago; Instagram & Netflix isn’t a substitute. https://t.co/zhAePRFZAs pic.twitter.com/3Gme14F8WN
— michael_nielsen (@michael_nielsen) January 19, 2020
So shut the fuck up, Kevin Drum and Noah Smith. You are just wrong. The necessities of life are far more expensive than they were 40+ years ago, and getting more so all the time.
BTW, Netflix and Instagram aren’t substitutes or necessities. I lived 30+ years of my life without those and I did fine.