On our current trajectory, the report warns, "planetary and human systems [are] reaching a 'point of no return' by mid-century, in which the prospect of a largely uninhabitable Earth leads to the breakdown of nations and the international order."
The only way to avoid the risks of this scenario is what the report describes as "akin in scale to the World War II emergency mobilization"—but this time focused on rapidly building out a zero-emissions industrial system to set in train the restoration of a safe climate.
(Score: 2, Interesting) by Sulla on Sunday June 16 2019, @01:31AM (1 child)
Another fun metric is to ask them how much of their monthly income went to paying for their apartment or mortgage. Most people I talk to (parents, grandparents) had 1/6 to 1/4 of their income go toward housing. The same property, and the same wage (adjusted for inflation) would now take 1/2 or more of that income.
Another thing that is killing millennials right now was cash for clunkers. Right or wrong, it removed the glut of used cars on the market and took them permanently out of circulation. Instead of being able to get out of high school and pick up a beater for 500 bucks or 1k that would last you a few years, you have to pay 2-3k for something that doesn't have a bad head or a slipping tranny, at least in my area.
Ceterum censeo Sinae esse delendam
(Score: 0) by Anonymous Coward on Thursday June 20 2019, @03:35AM
That fits.
Go from a one income to two income family, and from (1/6 -1/4) to 1/2 of income : 2 x ( 2 to 3) = 4 to 6
Matches pretty well with: (20 to 30 years) / (4 or 5 years) = 4 to 7
So either absolute housing values have gone up by a factor of at least four or wages are now less than a quarter of what they were.