[audinobs]

That is because there has been tremendous stagnation in wages outside of software in the middle. Huge compression between the middle and min wage.

My first job as a cook pays basically the same as what my first processional job pays now. It was a huge win for me at the time and now would have been no raise at all.

I think this is expressed in the jump in housing prices since covid too. So young people have better purchasing power besides for the one thing everyone wants.