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A global housing crisis is suffocating the middle class
(english.elpais.com)
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this post was submitted on 30 Sep 2024
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Yeah I think you meant to hit my comment here. I didn’t say it wasn’t a “pretty good life.” We’re sort of making points past each other at this point, but the gist is that 1. Dagwood is correct, you could get a decent house on minimum wage etc., however 2. I believe the notion of the middle class is a myth pushed to keep us struggling to work harder and to flatten diversity for ideological reasons (see my first comment).
I suspect we're running with different versions of "middle-class".
In Europe middle-class used to be about the kind of work one did and roughly correlated with doing or not manual work - those doing manual work were considered working class and those doing office work were middle class.
This tended to also match incomes, so middle-class usually had a middle range income, higher than the working class but not as high as the rich.
This all sorta matched because non-manual work was generally either some kind of management position or some position requring higher education - such as, say Medical Doctor, Engineer or Architect - which very few people back then had.
It wasn't about what an income could buy, it was about the kind of work people did, their level of formal education and the level of their income compared to others.
Things have however changed a lot - a much higher percentage of people have higher education, most of the income advantage of higher education is gone and in general all layers but the rich have fallen down in the income ladder - were there was a middle class there is now mostly a gap and essentially the working class and the middle class have been squeezed together.
IMHO, what we have nowadays is a two class system:
However we were talking about the 60s and I do belive there was actually a "middle class" back then, at least per the definition we had in Europe.