Lot to unpack:
- Oh okay all my data is bunk, sure, right, totally
- Even IF there are more upper middle class, there is still an increase in poverty, and a reduction in middle class. I guess all these articles with tons of references are just works of fiction, by fictional authors!
Yes, there is a reduction in middle class households, but that reduction is primarily because most of them are moving up, not down, and you view this as a problem.
The fundamental problem is that your comparison is against a unicorn. The era of the 50's and 60's isn't going to repeat itself, so looking back at that era as the standard is unrealistic. At that time global labor pools were largely stuck closed, industrial output around the globe was a fraction of that of America's. So of course unskilled and low skilled labor was going to do extremely well and thus a middle class would be incredibly strong. That isn't something that is repeatable at this point, unless you have a plan on how to accomplish that? Further, you then have the question of whether or not Americans even
want those jobs back in large enough quantity to drive an economy.
I can't wait to hear your mental gymnastics on how this is all fabricated lies and bull****.
Those aren't lies, they are just framed in poor context.
-Minimum wage is important. At no point is anyone here suggesting someone work minimum wage and try to raise a family. I did the math pages ago. I was making $5.25/hour 20+ years ago. Gas was $1.25/gallon. Speeding tickets were $75. School was $3k a year. Houses were expensive but not out of reach. Today people get paid $2 more per hour, but gas is $2+/ gallon, speeding tickets are a minimum of $175, and housing is rapidly outpacing inflation. These are issues to young people, these are issues to single people. FACTS>FEELINGS, they are having a rougher go of it than I was. PERIOD. Why hasn't minimum wage been adjusted to keep up with the cost of living? And by living I don't mean renting a nice place or buying a house, I mean LIVING. Look at what I just mentioned: Tickets up 200+%! Gas up 300%+!
Again, the data doesn't support this. Go grab the BLS database and dig in. Real median household wages are up over the last 40 years. Though, I am not sure they use speeding tickets as part of their basket of measured goods and services, but no one serious ever would. Further, you continue to ignore the fact that minimum wage is irrelevant in the context you are trying to use it. In 1980 ~15% of labor was earning minimum wage. Now it is ~2%, of which almost all of it is tipped. So why do you insist on bringing up minimum wage when in reality that isn't what people are being paid today and the real metric is median household income, which is why BLS measures that and not your "speeding ticket to minimum wage" horse****.
Houses are up, so much so that the american dream is rapidly shrinking for younger and younger generations, and instead of acknowledging these facts you want to shove your head in the sand and scream at people to work harder and not be poor. Do you realize how delusional and out of touch you are? I think not.
You continue to ignore what everyone here is trying to tell you. The price of a house is up, the cost of a house isn't really. Why? The cost is generally calculated as the cost to carry something, ie: borrow and float the interest. When interest rates are 3% today as compared to 19% in 1981, it makes it a lot easier for afford a $400k house today, even compared to a $100k house then. Do the math. The the real point, housing price growth is heavily variable. In major
desirable metros it is way up. In Detroit it is way down.
- For the last time, I am not a failure. You keep repeating this boomer BS, and I have no idea why. I am doing above average. Unlike your boomer ass, I empathize with those less fortunate than me, as I am doing a lot better than many of my peers I graduated with.
I was born in the 70's, do the math... again, not a boomer.
On average, probably. If you're a dumbass, and you knockup another dumbass and have dumbass kids when you're 18 and don't parent them correctly, you make more dumbasses. See: Idiocracy. That doesn't mean these people should have a harder life than I did, or my parents did.
Ok, so are poor people poor because of the system or because of their choices and genetics? You seem to be making my point for me, unintentionally as always.