this post was submitted on 17 Sep 2024
467 points (98.1% liked)
Not The Onion
12211 readers
663 users here now
Welcome
We're not The Onion! Not affiliated with them in any way! Not operated by them in any way! All the news here is real!
The Rules
Posts must be:
- Links to news stories from...
- ...credible sources, with...
- ...their original headlines, that...
- ...would make people who see the headline think, “That has got to be a story from The Onion, America’s Finest News Source.”
Comments must abide by the server rules for Lemmy.world and generally abstain from trollish, bigoted, or otherwise disruptive behavior that makes this community less fun for everyone.
And that’s basically it!
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
They aren't necessarily US specific. Wages not keeping up with inflation and rising cost of living is a factor from South Korea to Japan to Singapore as well. Some countries muck it up themselves like China with their one child policy back in the day (even the Chinese fertility rate has dipped below 2.2, I think).
Well, it's only a very, very recent problem in Japan. They had stagnation for decades. Little to no change in wages, little to no change in prices. In 2011, I was making something like 33,000 USD per year there and living very comfortably with ample savings and what the Japanese considered to be a large apartment. It's a pretty affordable country, aside from travel. Or if you want to live in a fancy place in a desirable big city neighborhood.
(And yes, I have been to Japan since then and know that things have changed somewhat. It's still cheap compared to the US. Food is so cheap, it's amazing what you can get.)