Safety, Risk and Innovation
The Complacent Class (Episode 1/5)
Compare today to the 1950s. At that time, a typical apartment in New York City rented for about $60 per month, or, adjusting for inflation, about $530 a month. … Or to put that 1950s rent in perspective, the U.S. median wage at that time was about $5,000 a year, so a typical New Yorker spent as little as 10 percent of salary on rent, or perhaps even less to the extent that New Yorkers were earning more than other typical Americans.
“The Complacent Class,” by Tyler Cowen (page 43)
The New Era of Segregation (Episode 2/5)
American Culture and Innovation, Produced by Marginal Revolution University
Also see:
– How did we become such bumps on a log?
– Complacent or Crazy?
– A top economist says Americans are not nearly as ambitious or innovative as they think
– The future will be good for matchers and bad for strivers
– Complacent or Pathological?
– NPR Interview
– Have Americans Given Up?
– The Art of Manliness podcast
– How America Gave Up on Change
Ozymandias and Statolatry
Tags: Complacent Class, hNlA_Zz1_bM, innovation, Ozymandias, risk, safety, stagnation, Statolatry, Tyler Cowen, zdfYEJa_Q38
