After adjusting for inflation, wages are higher than at any point in U.S. history, and after adjusting for age and sex, the percentage of the population that is employed is around its peak in U.S. history.
After adjusting for inflation, wages are higher than at any point in U.S. history, and after adjusting for age and sex, the percentage of the population that is employed is around its peak in U.S. history.
It captures the fact that housing is some percentage of people’s expenditures. But the measurement of housing and the percentage of expenditures are both subjective. It’s a choice of measurement not a capturing of some objective “fact”.