Oh, World Economic Forum...

[Danzig]

http://www.washingtonpost.com/sf/bus...class-is-lost/


the sad truth is that the money is still there in these companies, in their payroll.
but the bulk of it now goes to the few at the top.
why?
and how do we get it back to how things were?
the people working now work harder than ever, with soaring productivity-and stagnant wages in return.
it reminds me of the book 'animal farm'.

[Rudeboyelvis]

I read recently where Washington DC is now the third most expensive place in the USA to live, directly behind San Francisco and San Jose, CA.

>>>A 1 bedroom in the city of Washington DC averaged $1770 in December, while 2 bedrooms were $2750. This makes Washington DC the 3rd most expensive major US city, with an 2 bedroom price that’s nearly triple the national average. Across the entire Washington DC metro area, rents averaged $1,610 for a 1 bedroom and $1,970 for a 2 bedroom, with renters paying 40% more to live in the city itself.<<<

https://www.google.com/search?q=wash...utf-8&oe=utf-8

I lived there for 20 years (1980-2000) and it was never like that. You could buy a very reasonably priced condo in a decent (not great, but perfectly safe and convenient) neighborhood on a fresh-out-of-college entry level salary. Now they are stacked 4 deep in the same space just to make the rent.

Hmmm....what's changed? Government growth is virtually pacing Silicon Valley now, and by extension created a virtual real estate gold rush.

And you're paying for it with the money you used to save for crazy things like retirement, your children's education, family vacations, etc.