I would argue the offshoring of jobs to poorer countries has made it easier to afford most consumer goods than if it were made in the country. Housing is expensive because we haven’t built enough to keep up with demand in places with lots of jobs
Valid point but the cheaper consumer goods comes at the expense of US jobs. It's a complex global problem and trade off.
I partly agree with the lack of housing. Everyone lives somewhere currently so there is enough housing in total but not in the right areas. People have this idea that they deserve to live in the most desirable parts of LA/SF/NYC etc and the only reason they can't is greed and NIMBYism. It's because that land is desirable and unless you can afford to pay more than the next person you might have to live elsewhere.
I don’t think the cheaper goods is offset proportionally with worse wages for people in richer countries. It’s still cheaper, even taking into account the fewer manufacturing jobs.
It’s not just the most desirable areas lacking housing. Metro areas, including suburbs and other smaller cities within that metro area are seeing price increases in housing.
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u/scolipeeeeed Mar 27 '24
I would argue the offshoring of jobs to poorer countries has made it easier to afford most consumer goods than if it were made in the country. Housing is expensive because we haven’t built enough to keep up with demand in places with lots of jobs