RT Nick Szabo (@NickSzabo4)The point seems to have gone way over your head so let me elaborate: the Boomers were competing far less against global labor. Their real wages, in terms of their wages relative to housing and other assets, as well as relative to health care and education costs, were much higher at the same ages. They had much more to save. And what's more, they've had a lifetime to accumulate more savings and accumulate the cash flows from those savings.As a percentage of income, surveys show Gen ...

RT Nick Szabo (@NickSzabo4)In real terms (or as close to real terms as one can get, namely priced in gold) housing prices have not substantially risen over the last few decades. The actual problem is that the real wages of young people have dramatically fallen, due to offshoring and immigration, making housing far less affordable. ...

RT Nick Szabo (@NickSzabo4)In real terms (or as close to real terms as one can get, namely priced in gold) housing prices have not substantially risen over the last few decades. The actual problem is that the real wages of young people have dramatically fallen, due to offshoring and immigration, making housing far less affordable. ...

Although Russia’s economy is treading water, its deterioration has not fed through to the labour market. Real wages are at a record high and unemployment is at all-time lows https://t.co/pigEVsijN9 ...

Japanese workers’ real wages dropped by the most since September 2023 as inflation continued to outpace salary growth https://t.co/wXvbH1Yb3l ...

[Music] I want to talk about economics, Greenville, and AI. Bring those ideas together. To start out, I want to ask, are you getting paid appropriately? So, lots of younger folks here starting their careers, mid-career in Greenville. Is Greenville the right place to get paid an adequate and appropriate salary? I'm going to tell you the answer is no. I mean, if the answer was yes, you wouldn't in I wouldn't have been invited to come speak. So, the answer is no. And um here's this common story that we get abo ...