| From the wikipedia article: >The Foundation for Economic Education (FEE) is an American conservative libertarian economic think tank. >FEE, founded in 1946, is considered the oldest free-market think tank in the United States. An early aim was to roll back policies of the New Deal. FEE opposed the Marshall Plan, Social Security and minimum wages, among other American social and economic policies. Points of the video: - Mainstream media sells entertaining truth that are mostly negative - People think gun violence is getting worse every single year over a span of 25 years, but it only got worse for 8 of those years! There is a 50% decrease from the 90s. - Conveniently remove suicide from the gun violence data and ignore the current up trend in homicide - We shouldn't look at wages, but look at total compensation and it's up by 45% for the median worker since 1979! - We have more household that are rich according to this data despite what the media says - You don't need a cellphone, just cancel it if you're poor, also don't get medical treatment that didn't exist in the 70s if you want to have the same cost of living than your grand parents - Let's compare the average middle class American 100 years ago to one today and you'll see how much better you have it now! Especially if you are a racial minority (he don't mention this last part) - omg, look at how much hours of work was required 100 years ago to purchase these products (stamp, bread, movie ticket, gas, coffee, eggs, butter, milk) - only movie ticket are more expensive today, but we get much nicer movie like the Marvel movies! (But remember to cancel your 10$ Netflix subscription if you can't afford it) (a previous point he made) - back in the days, it took 4 years to raise money to buy a car, but only 2.5 years now! - He mention that the minimum wage worker has to pay more for housing today, but it's because they are much more technologically advanced! - house 100 years ago: no electricity, no running water, no indoor toilet, no AC - Houses like that are now illegal to buy! - Thus, the minimum wage worker can't buy house like that anymore! (he also can't buy a modern house, but nevermind that) - So poor people today have a better living standard than the middle class had 100 years ago and in a 100 years the next generation will be even better off with private jets and yachts to travel around! - There is less child labor in the world, less wars and stuff! - So in summary, be humble! Appreciate, be thankful for the fact that the world has become a better place. (i.e. stop complaining about society because the iphone exists type of arguments) Yikes. |