alt Hacker NewsWhile housing may be specifically costlier today, overall people have much more to spend, even in the Netherlands after accounting for inflation.
This is the case almost everywhere in the world.
On the topic of why China or India didn’t bring many innovations: I fundamentally don’t believe in blank slate theory. But I do believe that China is better off with higher population. I also hear that China regrets its one child policy. Good to understand the reason behind this
While they regret it, it doesn't mean that they could have done nothing at the same time. Quite often in life you have to choose between many bad choices and no good ones.