Your parents were likely better off than you

[Bible_Belt]

http://www.wsj.com/articles/the-american-dream-is-fading-and-may-be-very-hard-to-revive-1481218911

Barely Half of 30-Year-Olds Earn More Than Their Parents

As wages stagnate in the middle class, it becomes hard to reverse this trend

In 1970, 92% of American 30-year-olds earned more than their parents did at a similar age, they found. In 2014, that number fell to 51%.

When looking only at males nationally, the decline is even starker. As of 2014, only 41% of 30-year-old men earned more than their fathers at a similar age.

 

[Bible_Belt]

Notice the gender discrepancy as well. If only 41% of men are better off at 30, and the combined genders are at 51%, that means that for women it is like 60%. Men bear a disproportionate burden of the death of the American dream.

 

[AttackFormation]

I don't think "earning more after adjusting for inflation" is a true picture of the scenario because costs have been rising too.

Also, the "American dream" was never "up and running". What it was was in the boom-phase of the calculated economic collapses in our society. It's all rigged. If you think society/the economy was pure in the 50s and is now corrupted, you have been conned.

 

[speed dawg]

Fully agree. This is exactly how the elite want it.

The rich and powerful do not benefit from a healthy middle class. They instead cherish impoverished masses, preferably those with strong backs and weak minds.

Sooo....why again do you have such left-leaning political beliefs?

 

[taiyuu_otoko]

What it was was in the boom-phase of the calculated economic collapses in our society.

I disagree that it was calculated. While I'm sure there are elites that keep themselves elites by how well they position themselves, I don't think they have nearly as much control as people think they do.

Sure, it was an unsustainable boom, but I don't think the elites have nearly as much power and foresight as people give them credit. Macro moves and decisions, yes, but keep in mind that elites are just like your regular dude on the street, the LOVE to claim credit for sh*t they didn't do.

One of the main reasons that the economy collapsed was the ending of the gold standard. That was driven by overspending by idiotic politicians who wanted to provide free sh*t for the sheeple in exchange for votes.

Expanding government, spending much more than they take in, is pretty systemic when it comes to collapsing economies. Rome, France, and every other once-strong economy more or less collapsed for the same reason. Idiot politicians unable to restrain their spending.

But yes, the middle class is dying. The reason men''s incomes are shrinking faster is that women are usually employed it some kind of service industry that is ultimately paid for by the government printing machine. Guys on the other hand, are more likely to be working in factories, which no longer exist.

It's all downhill from here.

 

[Mike32ct]

It must be all that "automation" that is causing the job loses and lower wages.

In 100 years, when wages are higher in all the developing countries, things will improve in the US. Until then, let's continue with more free trade deals!!

<lol sarcasm>

 

[AttackFormation]

One of the main reasons that the economy collapsed was the ending of the gold standard. That was driven by overspending by idiotic politicians who wanted to provide free sh*t for the sheeple in exchange for votes.

Expanding government, spending much more than they take in, is pretty systemic when it comes to collapsing economies. Rome, France, and every other once-strong economy more or less collapsed for the same reason. Idiot politicians unable to restrain their spending.

But the overspending happened because of factors that were put into the economy by the parasites, in short that they have control of the economy and could change the fundamentals of what an economy is. They set the economy up in a parasitic fashion that would benefit them (the FIRE class) at the expense of the general populace and the real economy. They also masked that by claiming to descend from the schools of thought that actually opposed them, and integrating the parasite economy (FIRE) into the real economy, which is the bogus "gdp" we have today. The idiot politicians are just useful idiots and/or affiliates.

Government doesn't need to "take in" anything if it creates and controls the money supply. It doesn't, and that's an example of what I'm talking about and what people should be talking about. The fact that for example tax still exists is a symptom of that. Why would a sovereign government need to take money from its own citizens? well, because money used to be physical and no one wanted to part with it, and there were ways to find out if a currency was fake. Ie. gold standard. Today with the end of that when money can be created with no backup, it's because the government structure has become completely parasitic instead of just "necessarily" so. We are still living in a feudal period, the noble class has just transformed into the FIRE class, and the government is aligned with them against the middle class just like it was back then. The joke is on us for being brainwashed into thinking we have progressed and it's different today.

That's the difference between today and Rome. We have the means to organize a modern government, but the FIRE class does not want it to be that way because then they could not parasitize the real economy.

 

[taiyuu_otoko]

That's the difference between today and Rome.

The differences are merely details, as in it won't keep us from collapsing. The "host" is still doomed

https://www.amazon.com/dp/B014IAV9MK/

 

[AttackFormation]

The differences are merely details, as in it won't keep us from collapsing. The "host" is still doomed

https://www.amazon.com/dp/B014IAV9MK/

Yeah it is doomed. But we can create a form of currency today which can truly be centrally created and tracked because of electronics, we don't even need a gold standard anymore. We have modern technology but are using 100s/1000s-year old forms of policy, along with policy that used to be criminal (like usury) before it was turned into government & FIRE procedure and made criminal just for the general populace to do. We can move beyond the so-called "economy" we have today, and create an actual economic system which is not riddled with orwellianisms and criminality, but again, the FIRE sector doesn't want that.

 

[speed dawg]

I tend to agree with Taiyuu that I don't know that the elite really are controlling anything, it's just human nature, or the way things just happen over the duration of prosperity. I guess wall like to think it's a bunch of black helicopters, but it isn't. I will say this....rich people sure ain't your friends. They are looking out for themselves and themselves alone. Preservation if you will. Not all, but most. At least 80%. The rest understand the benefits of giving.

Now, we CAN slow down or reverse this trend. I disagree it's all downhill. It may be though, because we have an incredible amount of idiots in this country who can barely balance a checkbook. How can we expect anyone to balance the federal budget??

IN TRUMP WE TRUST

 

[Trunks]

I tend to agree with Taiyuu that I don't know that the elite really are controlling anything, it's just human nature, or the way things just happen over the duration of prosperity. I guess wall like to think it's a bunch of black helicopters, but it isn't. I will say this....rich people sure ain't your friends. They are looking out for themselves and themselves alone. Preservation if you will. Not all, but most. At least 80%. The rest understand the benefits of giving.

Now, we CAN slow down or reverse this trend. I disagree it's all downhill. It may be though, because we have an incredible amount of idiots in this country who can barely balance a checkbook. How can we expect anyone to balance the federal budget??

IN TRUMP WE TRUST

Trump is appointing all these Wall Street people, what exactly can you expect from that?