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Re: What to do about inequality?
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Originally Posted by Replaced_Texan
In our neck of the woods, it's housing. During the boom years of the recession, O&G was giving insane housing allowances to the square state recent grads, driving up rents all over the city. Totally changed the housing market. The price of oil nose dive in 14-16 didn't seem to have much of an effect once those prices went up. And now they're more or less recovered, so it's getting even more insane.
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I wonder how much of our economy is "house poor" or "rental poor"? That's got to be an enormous drag on the rest of the economy.
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