"should" is a pretty woolly concept. "should" we have to work at all? UBI proponents don't think so, and that apparently that has 45% support. What's hopefully obvious is that not being able to afford a 2 bedroom apartment at median wage is a far cry from "abject poverty".
I'm asking you the question because a statement like 50% of [population] is making a claim to some notion of what they expect society to look like
you introduced the benchmark "not being able to afford a 2 bedroom apartment at median wage", though I would expect a modern day society that makes any claim to be wealthy to be able to have above 50% of it's population to be able to support something like that as that would indicate they can support a small family
You're saying that's not a good benchmark, so I'm trying to understand:
1) Do you have a different benchmark?
2) Is your key complaint that being unable to own a 2 bedroom house doesn't mean that individual or family is in "abject poverty"? In which case fair, though I would ask what does mean abject poverty for you?
It seems like you're saying 2, but I want to be sure
>In which case fair, though I would ask what does mean abject poverty for you?
The exact number is heavily contested[1], so I know better than to provide my own. That said, the official poverty lines are a pretty good place to start, and it's pretty safe to say is that whatever the line for "abject poverty" actually is, "2 bedroom apartment on 1 person income" is pretty far away from that. That claim doesn't require me to provide a specific poverty line.
In addition to that being obviously different from the line to “abject poverty”, it’s not at all obvious that a single median income should be able to support a 4-person family in a 2BR apartment or else the system is completely broken…
> it’s not at all obvious that a single median income should be able to support a 4-person family in a 2BR apartment or else the system is completely broken
Either the Western world allows people the financial and real estate resources to have children in the next 5 years or we're all fucked. The tail end of the boomers enters retirement in 10 years and while millennials can take care of the boomers, eventually we will need to be taken care of, and for that millennials need to have children now as long as we still can.
Someone should inform all of the poor children being born and raised everywhere in USA and earth that they need a 2 bedroom apartment to exist, actually
Because margins on building smaller housing is lower so nobody with capital is investing in it. The same reason the US doesn't build cheap commuter cars, nobody with money to invest is investing their money on such a slim margined product with no windfall conditions.