Earlier quoted context omitted.
> Income after taxes and transfer payments has grown for everyone since 1970 And education, housing, and health costs has sky-rocketed, number of "essential services" to pay for (mobile phone, internet, severan "rentier" subscriptions) has increased, while job stability and availability for working and middle class has plummeted... But yes, the top 10%, the types to usually post at HN, never had it better.
But a lot of those requirements are manufactured. Germany has an advanced industrial economy with half the percentage of college graduates we do (just 1/4). So why do we need to act like “cost of living” for everyone has to include saving hundreds of thousands of dollars for college? I agree the top 10% have poor insight into what life is like for everyone else, but that cuts both ways. I think there’s a real misperc…
Because Germany doesn't treat non-college graduates working class people as "losers".
Germany also has a quite solid social protection, not a cut throat environment where tons of people are a medical bill away from homeless.