'better' is a funny word. Like I said in another post, it's due to a 'banking' revolution called 'shadow bank' (they aren't bank, they cannot print nor destroy money, but I guess it's close enough). From what I saw, its main effect is to decorelate GDP from production. A house sold 200k can produce 400k of GDP over a year if enough intermediaries put their hand in the pie. And I'm just talking about the mortgage here, not the house.
It’s a better place to achieve something in than to live in… but how nice is Western Europe going to be to live in if it continues to be outgrown by the US and have to compete with Asia?
Even with the downtrend, is it not interesting that half of customers that trued Tesla went back to gas? Wonder what the broader EV owner stats are… how many try EVs and go back?
Elder care jobs exist alongside starbucks jobs today. People pay for starbucks which lets them hire more employees. Governments have to pay for elder care by taxing starbucks and other companies that make money from voluntary sales. Most elderly will not be able to pay out of pocket for someone to care for them.