I was once talking with one of my classmates and he said that in the future, there will be universal basic income implemented by entire world. I was not convinced at that time and thought he is just being stupid but given the layoffs happening and massive amount of unemployment, I am thinking about this possibility. What do you say?
yeah ok that would make meat more expensive (which some people would argue is actually a good thing) but not plant-based food. (since plant-based food is less limited). which is an interesting observation …
yeah the housing crisis is something else. however i suspect that there are bigger factors at play here than just a limited supply … theoretically, the housing supply could be arbitrarily big. the land area is not the bottleneck here (around 1% of the settleable land area of the world are used for housing, 97% is used for farming) and neither are the materials available … it’s more about market expectation (declining birthrate) making new housing construction seem short-sighted and not worth it in the long run. but this is a bit of a different issue and does not directly have to do with the buying power of the people, i think.