The rent is too damn high

Double click to enlarge

Double click to enlarge

This chart shows how the cost of different necessities and amenities of life have changed over the past 75 years.

The high and rising costs of housing stands out, but the cost of health care and education also are going steadily up.

I’d guess the falling cost of food is due to technology and the falling cost of clothing is due to globalization.

But why hasn’t technology brought down the cost of housing and transportation?

LINK

Unprecedented Spending Trends in America, in One Chart, by howmuch.  Remember that the figures are adjusted for inflation.

Considerations on Cost Disease by Scott Alexander for Slate Star Codex.

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