@jeffowski Does than take into account the massive increase in house prices if everyone involved in house building also got a minimum of $66/hour?

@jeffowski
The #TrickleDown concept has always been upside-down. Water doesn't "trickle down" from the few very large oceans up rivers & streams to irrigate crops & feed populations. That comes from the millions of tiny streams in the hills & mountains.
But to do that, they need rain. (I.e. public infrastructure investment, good minimum wage, #UBI, etc.).
The excess will always "trickle"—or flow, even— into the oceans anyway.

@jeffowski To me what is really different is the cost of renting. In the 70’s there were rents available in decent working class neighborhoods that were way less expensive than owning a house. Most people had a crappy used car that they ran into the ground. No cell phones, no cable. It wasn’t that hard to save money even if you weren’t making much.