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iopq ,

No, the value of AI equals the value of the Blockchain

Might both be zero

iopq ,

Or, you know, just start letting people build housing. I’m looking at you, SF. Home owners have been blocking any new housing and the property pieces skyrocketed.

iopq ,

www.bls.gov/news.release/wkyeng.nr0.htm

Median weekly earnings of full-time workers were $1,118 in the third quarter of 2023. That means half of all people make above this and half make below.

Most people’s problems would NOT be solved if $1,100 went up to say, $1,300

iopq ,

No it couldn’t, home ownership has been stable in the US for decades

fred.stlouisfed.org/series/RHORUSQ156N

63% in 1965 and 66% now with the highest in early 2000s, not whenever “minimum wage could buy you a house”

iopq ,

$67K is not a fair wage?

iopq ,

When did a living wage become “buy real estate” wage? A house in my area is two million dollars. So you guys really want everyone to become a millionaire, huh?

iopq ,

If houses would not cost unreasonable amounts then a normal salary would be able to afford one. You can’t demand a salary that can afford a house because houses are NOT reasonably priced, so your demand is not a reasonable one either

iopq ,

I don’t think housing prices are justified, which is why not everyone can afford to own. I’d rather build so much housing it crashes the market in all of the cities so that everyone can afford a house on their current salary. It doesn’t make sense to suggest to increase everyone’s wages so more money is chasing the same amount of housing, that would only increase housing prices

iopq ,

aei.org/…/have-wages-stagnated-for-decades-in-the…

There was a peak in 1973-1979 where you can make that argument, but in our lifetimes the real wages have grown consistently and have beaten that peak

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