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GeekSumsMe t1_izz0vtf wrote

2020-2021 was not exactly a typical year.

There was a general trend that started during the pandemic of people moving to places with a lower cost of living. The trend has continued, albeit more slowly since as more people work from home or have otherwise evaluated work-life balance. The median price of a home in CA is about $800K.

CA has a major problem with homelessness. Almost every local politician agrees that this is among the most important challenges. However, with housing costs so high, it is a tough nut to crack.

Most societal problems have their roots in poverty, which was my main point.

Since the 1980s almost all economic gains have gone to the wealthy, with middle incomes remaining steady and low incomes actually declining: https://www.pewresearch.org/social-trends/2020/01/09/trends-in-income-and-wealth-inequality/

The bottom 90% earned about 70% of all earnings in 1979. In 2020, the same group earned 60%. Between 1978 and 2020, wages for the top 1% (now >$800k/year) grew by 119%, while the 0.1% (>$3.4 million/year) has water growth of 389%.

This should concern everyone. Trickle down was a lie, told by the rich to make themselves richer.

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