10 hours ago
Has anyone correlated discretionary income and vibecession vibes? People feel the world is shitty because no matter what they make in the developed world, much bigger share is sucked by fixed costs and necessities than let's say 30 year ago.
11 hours ago
These articles, always framed in beautiful and colorful language, are a "Yes, but." Never a conclusion that pulls us out of the fog, nor a strategy for addressing what is a social reality. Just a pretty picture of what we all already know.
11 hours ago
We know, or at least we should know, that a large portion of it is housing costs, and a large portion of the solution is to stop making it illegal to build housing.
11 hours ago
As the piece says:
> Another way to square ‘vibes’ with Scott’s optimism is that life looks great if you’ve already “made it”: your pricey HCOL home is surging, and your high-paying white-collar job is funding your large nest egg. Your monthly student loan payments are tiny relative to your large monthly income. But getting to that point requires clearing many hurdles and most will never get there.
We know what the problems are, we are simply unwilling to put meaningful effort and resources into rectifying them.