During the high-growth phase, efficiency results are smoothly distributed. In the low-growth phase, fairness maintains long-term efficiency. A series of heavy asset social customs where young people give up buying houses, getting married, and having children is an inevitable rebellion against unequal distribution in the low-growth phase: "Why should we take on the burden?"
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During the high-growth phase, efficiency results are smoothly distributed. In the low-growth phase, fairness maintains long-term efficiency. A series of heavy asset social customs where young people give up buying houses, getting married, and having children is an inevitable rebellion against unequal distribution in the low-growth phase: "Why should we take on the burden?"