Aram Zucker-Scharff

“And then there’s everyone in the middle class. They don’t have much hope of wage growth.”

– Glenn Kelman, chief executive of Redfin, a real-estate brokerage in Seattle that operates in 25 states. Via WSJ – How a Two Tier Economy is Reshaping the US Marketplace.

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“I’m not unusual. I’ve been on zero-hours contracts for some time and it has finally got to me. I’m tired of thinking I’ve secured a future for me and my child, tired of thinking I won’t have to worry about whether we both eat or whether we have heating, tired of worrying how we will cope if my child loses their school coat.[…]

I’ve decided to leave teaching for a supermarket job that will give me the security of knowing how much I’ll have available to pay my bills each month.”

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– Zero-hours contracts are forcing me out of teaching.

“The whole generation has been stuck on a sort of cruel economic treadmill: working harder and harder without really getting much further ahead.”

– Millennials are way more educated than their parents. They are also paid less.

“Worst of them all is Kings County, New York, where a Brooklyner making a median income would need to set aside 98 percent of their salary to pay for a median-priced home of $615,000. But you can make do on 2% right? Food is too fattening anyway.”

– Brooklyn is now the most unaffordable place to buy a home in America.