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Topicbillionaires earned their weal-
1337toothbrush
10/15/19 11:14:54 PM
#188:


pls posted...
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.

Because it's a nonsense point. Who will leave the workforce? Who could afford to? The economy is bigger and most of the benefits are going to the rich. If income was more evenly distributed then two incomes would actually go farther than that one income of the past and people could actually live on one income.

pls posted...
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?

Did you grow up in the 50s? Why are you talking about personal experience of dropouts now? Economic activity has done abroad because it's cheaper to pay someone $1/hour than $8/hour. It has nothing to do with regulation. The "competition" is a race to the bottom pitting desperate workers against each other.

pls posted...
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.

That you continually fail to see how this is worse than being able to do the same with a single high school dropout income of the past blows my mind. "Good economy" my ass.

pls posted...
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.

High demand for skill with low pay to compensate.

pls posted...
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.

"Being responsible" means waiting to be able to afford them. The birth rate has declined dramatically. Do you not understand what this means? If it were about responsibility, those high school dropouts back then wouldn't have been able to do it with such ease. You're buying in the excuse of the rich who blame the shitty economic conditions of the lower and middle classes on the individuals. It's a systemic problem. "Good for me" doesn't mean good for everyone. I've been doing very well ever since I started working right out of school, doesn't mean the same is true for everyone.
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