Oldandtired
Rookie
- Banned
- #41
We've lost our labor intensive industries that used to pay decent money. That's the difference. When your economy picks up and people need or want to buy more goods, it matters who builds the goods.
Our labor intensive industries becoming extinct while our population continues to grow.
Talk about your recipe for disaster.
In my parents' generation, the one-earner household in the middle/working class was commonplace. Today, the two-earner household in the same stratum is commonplace. That alone is the best measure of America's economic decline.
In my parents generation, one TV was deemed a luxury. One car was deemed a luxury. One pair of sneakers was deemed sufficient.
Americas desire for "more" is the cause of the economic decline.