a bean counter somewhere felt the need to tell the owner that they could make 5x as much by moving their factory or plant, as well as make their parts:
-out of the county, or
-out of the state, or
-out of the country, or
-file for bankruptcy
Somethings economists fail to address is that any action that generates wealth with no labor must necessarily take wealth from somewhere else in the system. The strength of the economy was in the working class being able to afford expensive things. Now they can't.
I remember those days! I supported myself and my girlfriend easily just on the income I produced working as a busboy in a very busy Manhattan restaurant. I made $300 a week and my rent was only $225, for $20 to $30 I would buy so much food at the supermarket, I needed help carrying it home.
It was many MAN made goverment decisions over a few decades.
Not nature or luck. That our government chose to put the American middle class citizen. On the floor with the entire weight of financial responsibility. For those above them and those below them. Now we add insult to injury with Trump
It's true. And all while technology enabled productivity gains that allowed "work" to be done more efficiently, by a hundred-fold or more in some industries. And who got all the value for that productivity? Not the workers, that's for sure.
A carpenter, mason, electrician, plumber who is not burdened with a crippling life debt for education and isn’t living well beyond their means still can.
People who take on debt for mediocre education, live in the city, drive a car, eat out every day and live beyond their means can’t
Don’t scream at me about the avocado toast argument. This isn’t that. Children are expensive. People who work in trades and aren’t enslaved to debt to begin with. People trying to live above their income are making a choice and that’s okay.
By reaganomics, trickle-down, voodoo economics, whatever we want to call it. Tax cuts for the rich, privitization and deregulation only serves the interest of the rich. It is a class war atom bomb and we have been unleashing it on ourselves for years!
Please just be clear which party stole it from us - the reds for 40 yrs refused to raise the minimum wage, grant equal pay, make insurance and medicine affordable, or tax the rich. They denigrate and try to end SS and Medicare and let rich companies buy up all the houses to raise prices.
I'm so sad, man. I'll never experience that as we have a 400 billionaire unelected president. And as good as I have it now, kids growing up today will have it worse. I know if I have kids, I'd have to support them until I run out of money.
I am so sorry. I have been able to stay at home with my kids because my husband is a pediatrician and we only have two. I worry for my kids and other kids though with fascism, the economy and worsening climate change.
When and where? Pre 1971 my Dad (with a college degree) was the sole earner in our house and we were getting by but our house was sparse. We didn't have much in the way of material possessions. We were much better off after my Mom started working outside the home. Both sets of my grandparents worked
Pre 1971 my father was the sole earner with a high school diploma and 4 children to raise. We had an 1100 sq ft house (4 bedroom, 2 bath, 2-car garage) on a 6000 sq ft landscaped lot, a brand-new car plus a used one for my mother, a mountain cabin, and a ski boat.
Our house was a 3 bedroom 1 bath 1,450 sq ft/24,000 sq ft lot. Min. landscaping. Very sparsely furnished. We had a used truck and a used car. 2 car garage but my Dad used it as a shop. We had a couple toys. 1 TV. 1 rotary phone. Folks today have so much stuff. It's hard to compare.
I had much more stuff as a kid than I have today. Tons of toys. We were one of the first on our block to get a color tv. But yeah--only 1 rotary phone. 😁
And honestly, except for the beautiful yards we had, I prefer the minimalist way I live today.
We didn't have stuff but we were surrounded by undeveloped, wooded land. We had a lot of fun building forts and rope swings. Kids today don't have the freedom we had.
My next-door neighbor and I built a fort between our houses. There were lots of kids on our street around the same age, and we were always playing some kind of sport or game. We started breaking city curfew in the summer around age 12. 😎😆
Oh no you think if a Republican slapped a Republican's name on something they helped build it???
Nope.
What did you ever seeTrump's Admin build?
Anything of use to those earning under 400k?
Dad was a teacher. 3/2 house. SAHM, 4 kids, 2 cars. Summers were camping trips all over the US. I remember my mom getting her own credit card and bank account.
People built wealth by not paying taxes, not having "income" by borrowing against shares. In 1952, 92% for $400K or more. Fair share denied us + corporate (persons, sic) consolidation & control of pricing & FCC dereg (RR & Clinton) and gutless Congress.
I doubt you'll ever see the returns we had back then.
Now they charge you a monthly fee if you have less than 1,200 in your account or more in some cases.
Not really Jon. Kids coming out of “tech” HS, if they became Pipefitters (fave of mine), Plumbers, Electricians, HVaC techies, Carpenters…would have a lifelong financial “ticket” written. Still. Today. Anyone need direction for their kids, get in touch.
This wasn’t stolen. People got greedier and continued to be greedy and just started not caring about any other generation that existed. Wasn’t stolen nobody cared about us. God bless.
In the late 40s into the 50s my Father could support my Mom & kids on a salesman’s wages. He got to drive a company car & as far I know money was not a problem. Although we never took a vacation we belonged to a private golf club.
That was then. We had no idea that the corps thought we had to good.
This was my Baby Boomer childhood. Most of the moms were at home. Wages went flat in the 1970s. I thought it was just the 70s wave of feminism that explained why most women went to work, but it was primarily the only way to maintain a middle- class lifestyle.
Ronald Reagan started at the massive transfer of wealth from average working Americans to the richest of the rich. It accelerated greatly under George Bush and especially Trump. Now it will get even worse. That’s what happened.
I grew up rurally, where many of my school classmates were 3rd or 4th generation farmer’s kids: corn, dairy, horses, livestock. Great people with large families who thrived and not a degree among any of them.
And I retired young. And someone else will work until they're 80.
These data points are meaningless when the aggregate data shows the typical characteristics of dual-income, larger per capita housing and less affordability.
Developers could start building homes smaller any time they want. Most current would-be home buyers would prefer it, as we're not having kids and don't need 5 bedrooms and four bathrooms. The reason they don't build smaller homes anymore is because they can sell larger homes for more money.
Comments
-out of the county, or
-out of the state, or
-out of the country, or
-file for bankruptcy
It makes no sense to me that it takes a community to build infrastructure for factories, but the factory owners can betray the community at any time
Something about this deal doesn't feel fair
Not nature or luck. That our government chose to put the American middle class citizen. On the floor with the entire weight of financial responsibility. For those above them and those below them. Now we add insult to injury with Trump
The ultra rich corrupting the government did thus forming the MOTIVATION.
The ultra rich want you to focus on the culture war so you don't notice the class war.
People who take on debt for mediocre education, live in the city, drive a car, eat out every day and live beyond their means can’t
It’s a choice
The house had to be monumental, the kitchen fraught with chrome and stainless steel, the driveway adorned with two cars and TV in every room.
Keeping up with the Jones’s IS a late 70s common phrase.
15 miles east of Los Angeles.
I had much more stuff as a kid than I have today. Tons of toys. We were one of the first on our block to get a color tv. But yeah--only 1 rotary phone. 😁
And honestly, except for the beautiful yards we had, I prefer the minimalist way I live today.
My next-door neighbor and I built a fort between our houses. There were lots of kids on our street around the same age, and we were always playing some kind of sport or game. We started breaking city curfew in the summer around age 12. 😎😆
Nope.
What did you ever seeTrump's Admin build?
Anything of use to those earning under 400k?
Take all the time you need.
Unfortunately, mother was also the typical miserable and disrespected housewife of those times, so not everything was golden back then.
How many of you are like huh??? What??? How much???
And 10% on a cd
I doubt you'll ever see the returns we had back then.
Now they charge you a monthly fee if you have less than 1,200 in your account or more in some cases.
.45 an hour was a good wage and after 10 years you’ll make $1.00 wow!
Yeah, I remember
That was then. We had no idea that the corps thought we had to good.
influencing Ronald Reagan.
Reagan stole it.
Smaller, less featured houses with a single TV and single car.
Women couldn't have credit or bank accounts. No serving on juries in many places.
Homes today are double in size, have more appliances, computers...
Yes, companies encouraged two earner and sold more crap. But we buy it.
And I retired young. And someone else will work until they're 80.
These data points are meaningless when the aggregate data shows the typical characteristics of dual-income, larger per capita housing and less affordability.
"Let them eat static." ~ Khan
"You let them eat?" ~ Republicans