Archived Middle class Americans dont live like kings, - they live better than kings. And they feel poor. (edge.org)
submitted ago by Kannibal
Posted by: Kannibal
Posting time: 3.9 years ago on
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Archived on: 4/3/2017 10:00:00 AM
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6 upvotes, 5 downvotes (55% upvoted it)
Archived Middle class Americans dont live like kings, - they live better than kings. And they feel poor. (edge.org)
submitted ago by Kannibal
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[–] casper 0 points 2 points 2 points (+2|-0) ago
From the article, "Economists largely agree that economic growth is good for everyone."
This is the problem. It simply isn't true anymore. For the last 10 years, economic growth and employment growth can no longer be correlated in the US. Technology has hollowed out this kind of thinking. It is a big deal with repercussions on how we think about all economic policies; globalism, trade, and even capitalism itself.
[–] Kannibal [S] ago
I can agree with this.
The people in charge have figured out how to siphon more out of the system for themselves. and how to squeeze the most money out of the pockets of people "for their own good"