Hacker News new | past | comments | ask | show | jobs | submit
But the economy is pretty great: 4.1% unemployment - I'm old enough to remember when 5% was considered full employment, inflation rate back down close to pre-covid levels, manufacturing up, etc. EXCEPT there's one big problem with our economy: Housing. There's not enough of it so prices for housing are very high relative to incomes. The solution: Build a lot more houses. Harris mentioned this, though I don't recall a lot of details for how they were going to get there. If a lot of people didn't have to pay more than a third, sometimes over half of their income for housing the inflation wouldn't have been nearly as painful.
loading story #42068569
loading story #42070043
The people living 4.1% unemployment have (one or more) zero hour jobs where you don't know if you even have work each week, let alone the hours (but always less than 36) until the start of the week, with no benefits, living paycheck to paycheck, dealing with the hassle of having roommates at home so no place to truly unwind, and a huge cut to food they can afford which was really their last form of comfort. Car costs have gone up to the point they are just holding on to what they have hoping it keeps running.

This isn't a 1960s 4.1% unemployment good economy. And it's no way to live. You are forced into a state where are you constantly reacting out of stress, not really living. You can't blame those people for not understanding the nuance of your 'the economy is great, this is what good looks like'. It's not fair to call them bad/dumb people because of it. They are good people struggling out here in the trenches.

loading story #42071732
loading story #42071134