What we're missing is cash in peoples hands to spend on innovations. For many 80... | Hacker News

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		brador on Aug 7, 2016 \| parent \| context \| favorite \| on: We’re in a Low-Growth World. How Did We Get Here? What we're missing is cash in peoples hands to spend on innovations. For many 80% of income is going to rent. How can you even hope to build an economy on that?

refurb on Aug 8, 2016 [–]

You do realize that most people don't live in Silicon Valley or NYC, right?

I'd say a small fraction of the US population is paying "80%" of income for rent.

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