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by analognoise
1895 days ago
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"The perception of the US middle class in the mid-20th century is idealized to the point of mythology and has no real basis in reality." Right the baby boomers who could work flipping burgers and put themselves through college and buy a house at 22 really did poorly, and if we all just give a LITTLE MORE to the global economy so it can function "more smoothly" we'll all be better off. We're producing more shit - and getting less of the pie as workers. If we have to sacrifice the American middle class to bring up the standard of living in Wherever, I think it's a bad trade. I could not care less if it comes at a cost to us. "The economy isn't "hollowed out", the US is a booming & dynamic economy." "But the stock market is great!" - for the top 10% of us with stocks, awesome. We left a shitload of people in the dust. Millennials have what 1/3 of the wealth boomers did by the same age? But if we all gave more... Trust us it's better... |
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Yes! You, living in the modern world, would never tolerate the quality of housing, automobiles, education, and essentially everything else that was "in reach" of someone flipping burgers at 22 in this fabled period of history.
What they had was shit, and you'd quickly be backpedaling on this opinion if you ever had to live with it yourself.
You are immeasurably better off than your parents. The array of amenities, options & opportunity in front at this very moment is something people in this mythical period you're describing could not even fathom.
> "But the stock market is great!" - for the top 10% of us with stocks, awesome. We left a shitload of people in the dust. Millennials have what 1/3 of the wealth boomers did by the same age? But if we all gave more... Trust us it's better...
"Top 10% of us with stocks" - really? Anyone with any kind of retirement plan is exposed to the stock market. But the kicker is I wasn't even talking about the stock market when I say the US economy is booming & dynamic!
I'm not sure what you mean by "if we all gave more". Honestly your(and the other person's) replies reek of young, terminally online talking points, not anything based on data or empirical study.