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A global housing crisis is suffocating the middle class (english.elpais.com)

submitted 1 month ago by MicroWave to c/world

127 comments fedilink hide all child comments

Prices have risen by 54% in the United States, 32% in China and nearly 15% in the European Union between 2015 and 2024. Though policies have been implemented to increase supply and regulate rentals, their impact has been limited and the problem is getting worse

Housing access has become a critical issue worldwide, with cities that were once accessible reaching unsustainable price points. Solutions that have been proposed, like building more houses, capping rents, investing in subsidized housing and limiting the purchase of properties by foreigners have not stemmed the issue’s spread. Between 2015 and 2024, prices rose by 54% in the United States, 32% in China and by nearly 15% in the European Union (including by 26% in Spain), according to the Organisation for Economic Co-operation and Development.

...

Salaries have not grown apace with real estate prices. In the EU, the median rent rose by 20% between 2010 and 2022, with rental and purchase prices growing by up to 48%, according to Eurostat. Underregulated markets are wreaking havoc, and in the United States and Spain, 20% of renters spend more than 40% of their income on housing, while in France, Italy, Portugal and Greece, that percentage varies between 10% and 15%, according to the OECD. Many countries have created programs aimed at increasing the future supply of public housing, but their effectiveness has yet to be determined and analysts say that results will be limited if smarter regional planning decisions are not made.

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[–] [email protected] 5 points 1 month ago (1 children)

I believe I'm one of those knowledge workers. I do cybersecurity and I'm actively working on trying to unionize the sector. I'm not management, and I don't have hiring or firing power, and I'm reliant on wages to survive.

Actually, I can see the comparison. Many cybersecurity people don't challenge the power relations in their workplace and instead act as enforcers of corporate policy. That always disappoints me, and I can see the pattern of how even our relative privilege is being actively reduced. I just hope more cybersecurity people will recognize the class struggle we have to wage and organize in solidarity with the rest of the working class.

[–] [email protected] 3 points 1 month ago (1 children)

With your username I'm not surprised you're in cybersecurity lol.

And I never said all managers are bastards. I said that they act that way as a group.

Ultimately the incentive structure reinforces PMC workers who toe the company line. It could never be any other way in a capitalist framework. Yes, it's possible for knowledge workers to operate outside capitalist organisations, but they are going to have a harder time with less money. The bulk of the work will always be done where the money is. You see this very clearly in FOSS circles - the work involves people who are either too tired from their 9 to 5 to put a lot of effort in, they're the sort of person who can't work in a capitalist org, or they're paid by a capitalist org which will have certain demands on their work. The result is that FOSS tends to be rough around the edges which inherently reinforces the belief that only top-down capitalist structures can make polished software.

You'll find knowledge workers in general are going to be hard to unionise. They are better compensated and privileged so they have more to lose, and they have to adopt the ideology of their bosses to some extent in order to reproduce it in their work. We've seen union action with actors and writers for a long time, and it seems to be bleeding over from them into the videogame space. I hope it will keep spilling over into other technical spaces, but I don't think we can rely on that happening to fundamentally change the character of that class.

[–] [email protected] 3 points 1 month ago

I've seen that reinforcement of workers who toe the line first-hand, people are scared and brainwashed into not acting up or demanding better. It's why I have a hard time maintaining a job - not because I'm not good at what I do, but because I'm bad at pretending to buy into the capitalist ideology in the workplace.

Agreed, not all managers are bastards but the system they are working within creates horrible results.