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Topicbillionaires earned their weal-
pls
10/15/19 11:00:20 PM
#185:


The economy is also bigger than it was before. If the economy were so great for the middle and working classes, they would be earning more.

The economy is bigger but the labor pool has also increased in size significantly. And really, unless you're stuck in a shitty job there is plenty of opportunity in America. But in any case you didn't address the point - a smaller labor pool would increase the value of each laborer.

You could have it right after dropping out of high school before. Now you have to finish high school AND get through a 4+ year program to earn less money than that drop-out in the past. If the economy is so good, why is it so much harder to earn a decent living?

Ehhhhh yeah I don't know about that, anyone I know who dropped out of high school because of kids had to rely on family to survive, worked in the physical trades, or went back to school. Admittedly it's anecdotal.

How much economic activity has gone abroad because of regulations that made it less worth pursuing here? How much more competition is there for jobs because of other countries advancing and producing stuff?

If wages kept up, the two incomes would've doubled purchase power compared to that single high school dropout of the past.

Two people in a household can earn that kind of money with minimal or no education, but they'll both be working which leaves no time for raising kids. That's why it's important to go to college for something that pays off. Or to go in the trades, rather than settling for being a cashier at Walmart for life.

The caveat of "good in-demand field" is bulls***. The work is just as in-demand, it just pays less.

Nah that's not true at all. Plenty of jobs exist that cannot be filled easily due to the skills required. And those will pay a premium.

"Actually it's a good thing that people can't afford to raise a family. Also, the economy is great, believe me!"

If you can't be responsible for children, don't have any. If you want some, work on being able to provide a stable household. Not rocket science, and people being irresponsible high school dropouts back in the 50s when America was the only nation producing shit is not a meaningful counterargument.

And the economy has been pretty good for me these last 5 years.

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