| "It’s quite different now. For many people in the United States, there’s a pervasive sense of hopelessness, sometimes despair." It's because we've been pacified through handouts and the welfare state. There's no longer a need to think about working hard and getting out of the unemployment morass we're in. Government will take care of you! Food stamp spending is at all-time record levels. Millions more people have gone on "disability" since 2007. The number of people in the work force continues to decline. Participation rate in the workforce is at multi-decade lows. The government-created housing bubble has made job mobility much more difficult, and of course both personal and public debt levels have reached saturation. So, why not get unlimited student loans, get food stamps, get yourself declared to have a disability, and then gorge on all the benefits of being "poor" like a free cellphone, and reduced cost internet. We've turned into a nation of dependents! |
And come to think of it, even if food stamp spending is at an all time high, isn't that consistent with the idea that the economy is fucked and suddenly there are a lot more families dependent on food stamps because of the inability of the labor market to bring down unemployment?