Yes, that has to be a big part of it. But we also have to look at why the stable job ended.
There are a lot of historical factors surrounding the issues. Too many to try to pin it on any one thing, of course. But this was definitely one of the important points.
Ayn Rand and her student, Alan Greenspan, and Ronald Reagan's crew combined during this period to convince "the 99" percent that it really doesn't matter what the rich do, or where they move their factories, or how much pay a CE
Doesn’t this correspond with the end of the stable job?
When one can be downsized or “rightsized” at the drop of a pin, and thereafter find that the next job necessitates a move, a non-movable house becomes a hassle.
The graph pulled from the article is surprising, in that, while the trend is very real and the reasons given for the trend are real, it's a longstanding trend, not something that is just now surprising the market. It's always presented as if this just came out of the 2008 Great Recession, or the Housing Crisis, or "Millennials," but we can see the roots go a lot farther back into the 1980's.
In the mid 1980's, I was working for the Trump Organization (and various NYC Landlord Organizations:
A LOT of people that know the Clintons have died mysteriously ... According to pilots' logbooks, Bill Clinton made 26 trips with Epstein to Epstein's personally owned "Pedophile Island".
Dead men tell no tales.
.... Skeleton walks into a bar, and orders a beer and a mop.
Abraham Lincoln walks into a bar, takes off his large hat, and orders a beer.
There is a frog on his head.
Astonished bartender asks "How long have you had THAT?"
Frog answers "It started out as a wart on my butt."
Midget walks into a bar ....