Posts: 584 +488
All of which are solvable; other countries have long since figured out how to keep costs for these services under control, yet one political party refuses because "Capitalism", even as costs to consumers continues to rise beyond their ability to pay for them.Oh I know how much people are willing to endure. The thing is, never before has the average person been so financially assaulted from so many vectors at the same time as they are today, especially in the USA (which makes me glad I'm Canadian).
The average American is facing rising costs for electricity, healthcare, automobiles, insurance and now there's a housing crisis to boot. If the cost of tech keeps going up as well, millions will be forced to prioritise things other than tech and the tech industry will contract because there will be far fewer people able to buy it.
As for housing, it's an expected consequence of economic growth. More high paying jobs = higher cost of housing. Basic Supply/Demand, especially since you can't easily expand demand in many of the regions where this growth is occurring. Only real way to address this would be to mandate some housing be set aside for lower income residents, undercutting the market somewhat. [Note: I would spread this out to prevent creating localized slums, a mistake many cities have made over the years]