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.
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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.
I get where you’re going with this, and yeah, the PMC helps hold the current system in place. I was thinking about the cybersecurity/engineers/architects/other better paid workers who are still subject to class exploitation even though they’re better off than a line cook.
Also, I like your bit about the professional managerial class being an ideological shield - I see that happening in the workplace all the time where people won’t consider rocking the boat because they want to be management one day.
I thought I’d have to explain this part - the technical knowledge workers are also managerial, but in a more indirect way.
All three of the professions you listed make decisions about the function of the systems that workers use every day. They are responsible for taking the policy decisions that are made to serve the owning class, and giving those policies shape.
They literally design our environment, and as the Well There’s Your Problem podcast points out, engineering and other technical decisions are political. The preferences of the bosses are built into them.
I guess this is pretty unpopular though. I guess there are a lot of knowledge workers on this platform and they don’t like being compared to cops.
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.