A few months ago, I wrote that the Chinese slowdown was much more than covid related and pointed to the challenges coming from the excessive weight of the real estate sector in the economy.
The global lease management software industry will surpass 4.3 billion by 2030.
The US economy is likely to show negative growth of its gross domestic product for the first two quarters of 2022.
Shopify recently announced a 10% layoff of its workforce. Facebook, Google and Microsoft recently went with a hiring freeze. Several other companies have cut jobs.
In 2021, the National Low Income Housing Coalition released a report, Out of Reach: the High Cost of Housing, where they stated that “a full-time worker needs to earn an hourly wage of $24.90 on average to afford a modest, two-bedroom rental home in the U.S. The Housing Wage for a two-bedroom home is $17.65 higher than the federal minimum wage of $7.25, and $6.12 higher than the national average hourly wage of $18.78 earned by renters. In 10 states and the District of Columbia, the two-bedroom Housing Wage is more than $25.00 per hour.”
The global movement toward carbon pricing is partial and halting, but real.