<story><title>A Look at the Slow, Silent Death of America’s Middle Class</title><url>https://themakingofamillionaire.com/a-look-at-the-slow-silent-death-of-americas-middle-class-ea760fbec8b1?gi=769366209cec</url></story><parent_chain><item><author>unglaublich</author><text>Hold up, the costs of all these services you mention does NOT come from labor cost. It comes from a pursuit of profit of investors and owners. 
While on the other hand your income as a person ONLY depends on the competition you have from other qualified persons.&lt;p&gt;What does it help if you flood the labor market more than it already is? 
Prices may go down 20%, but if your salary goes down 50%, does it really help?&lt;p&gt;The oversupply of labor is the root cause of the problems you mention, not the solution!</text></item><item><author>baron816</author><text>Had medical care, education, child care, and housing followed a cost curve similar to food over the last 40 years [1], no one would be complaining. A big reason why those things have become so expensive is because the country chose to make them expensive. Housing had to be a “good investment”. Elite schools were priced for the elite. Health care became a rent seeking operation in far too many ways to count.&lt;p&gt;It absolutely kills me that the Democrats haven’t brought up immigration as a way to tackle inflation. The left made immigration all about race, but there’s a huge supply side benefit to having more people who are able to produce more goods and services in the country. Immigrants are often the ones who build houses, and look after our sick, children, and elderly. The country would be a better, more affordable place with more people to help out.&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;images.app.goo.gl&amp;#x2F;N7rBSDDseMyiBTQb8&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;images.app.goo.gl&amp;#x2F;N7rBSDDseMyiBTQb8&lt;/a&gt;</text></item></parent_chain><comment><author>roenxi</author><text>&amp;gt; Hold up, the costs of all these services you mention does NOT come from labor cost.&lt;p&gt;I don&amp;#x27;t know if that is actually true, but if it is there&amp;#x27;d have to be a pretty strong &amp;quot;and who&amp;#x27;s fault is that?&amp;quot; to ask. Housing is capital intensive, but medical care, education &amp;amp; child care can all be provided with basically nothing but labour and a dash of equipment.&lt;p&gt;Assuming a fairly free market where people are allowed to compete, anyway. If competition is illegal then whoever has the licenses will charge wages + a lot.</text></comment>
<story><title>A Look at the Slow, Silent Death of America’s Middle Class</title><url>https://themakingofamillionaire.com/a-look-at-the-slow-silent-death-of-americas-middle-class-ea760fbec8b1?gi=769366209cec</url></story><parent_chain><item><author>unglaublich</author><text>Hold up, the costs of all these services you mention does NOT come from labor cost. It comes from a pursuit of profit of investors and owners. 
While on the other hand your income as a person ONLY depends on the competition you have from other qualified persons.&lt;p&gt;What does it help if you flood the labor market more than it already is? 
Prices may go down 20%, but if your salary goes down 50%, does it really help?&lt;p&gt;The oversupply of labor is the root cause of the problems you mention, not the solution!</text></item><item><author>baron816</author><text>Had medical care, education, child care, and housing followed a cost curve similar to food over the last 40 years [1], no one would be complaining. A big reason why those things have become so expensive is because the country chose to make them expensive. Housing had to be a “good investment”. Elite schools were priced for the elite. Health care became a rent seeking operation in far too many ways to count.&lt;p&gt;It absolutely kills me that the Democrats haven’t brought up immigration as a way to tackle inflation. The left made immigration all about race, but there’s a huge supply side benefit to having more people who are able to produce more goods and services in the country. Immigrants are often the ones who build houses, and look after our sick, children, and elderly. The country would be a better, more affordable place with more people to help out.&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;images.app.goo.gl&amp;#x2F;N7rBSDDseMyiBTQb8&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;images.app.goo.gl&amp;#x2F;N7rBSDDseMyiBTQb8&lt;/a&gt;</text></item></parent_chain><comment><author>seanmcdirmid</author><text>Have you tried to get any renovation or building done lately? These industries are completely labor constrained, even if the material is affordable, they won’t get to your job until a year and a half from now.</text></comment>