Cracking the Mystery of Labor's Falling Share of GDP
The landlords one makes the most sense.  Land is not elastic.  It is a limited resource, and so it doesn&#x27;t follow supply and demand.  The supply in a city never changes, only the demand does.<p>And building up isn&#x27;t necessarily a solution -- it&#x27;s exponentially more expensive to go up, because you start needing things like elevators and full time building engineers and so on.  So going up only keeps things the same, as the price per square foot of going up is higher, only elevating the cost of that land.<p>Building out also isn&#x27;t a solution, because people want to be close to the city center or the things they go to the most.  Self-driving cars may help with this issue in the long term, but not the short term.<p>This blog post[0] summarizes some of the issues.<p>[0] <a href="http:&#x2F;&#x2F;meetingthetwain.blogspot.com&#x2F;2017&#x2F;01&#x2F;live-work-commute-2.html" rel="nofollow">http:&#x2F;&#x2F;meetingthetwain.blogspot.com&#x2F;2017&#x2F;01&#x2F;live-work-commut...</a>