Tech has always been deflationary, something overlooked by people.
What did music cost in the 1980s? About a buck a song ($8-$10 for a cassette). Today. Basically free.
What did long distance cost? 10-20 cents per minute. Today, we can communicate with people all over the world for basically nothing.
How much would a 1 hours live YT telecast that reached 1000 people cost in the 1980s? It would have been recorded and CDs mailed out.
These are things that are overlooked.
Yes and I guess this would be a point for the people saying that new tech creates new jobs while some older jobs dissapears.
Kinda crazy to think how far we actually have come in quite short time span.
They say that but the labor force participation rate tells a different story. That peaked globally in 1990 and in the US 1998. So we are 25-30 years into this technological age and the stats are showing that jobs are not keeping up.
And now we have a technology that is going at an unbelievable pace.
I actually hope for a timelime again where only one in a houshold needed to work and could still afford a house and to live.
Going to have to reverse urbanization. One of the affordability issues is the fact that people are packed around cities like sardines.
Land doesnt expand but the number of people within a geographic areas seems to grow.
That might work well since generally the older population lives in the rural areas. Might be a lot of vacancies and opening for a new wave of modern rural living.
There are areas in Japan and Germany where they will give you the houses.
In Japan, it is called Akiya. That is a house that the owners died and their kids live in the city and dont want to bother with it. Basically, they are abandoned and the towns are stuff dealing with them.
Of course, if you want excitement, those arent the places to be as those towns are dying.
tech is all about connecting systems and ecosystems, so it's quite natural for costs to go down as the infra becomes better.