this post was submitted on 12 Oct 2024
366 points (99.2% liked)
Just Post
1315 readers
66 users here now
Just post something ๐
Lemmy's general purpose discussion community with no specific topic.
Sitewide lemmy.world rules apply here.
Additionally, this is a no AI content community. We are here for human interaction, not AI slop! Posts or comments flagged as AI generated will be removed.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Except that I'm not focusing on "inflation." I'm concerned with the ever widening gap between the rich and the poor. And by the "poor" I mean the 99%.
Look at the 1960 figures. That meant that a high school graduate with no particular skills could live a pretty good life and support a family working 40 hours a week. Today it's common to require two incomes to keep a family going.
You:
Also you:
Cool, but it's helpful to state your premises up front. That situation was viable well into the 70s, after which Reagan-era policies completely decoupled real income from productivity, and started to fall apart. By the mid 90s it was all but gone.