Why America Abandoned The Greatest Economy In History

[Manonthestreet]

If there is one statistic that best captures the transformation of the American economy over the past half century, it may be this: Of Americans born in 1940, 92 percent went on to earn more than their parents; among those born in 1980, just 50 percent did. Over the course of a few decades, the chances of achieving the American dream went from a near-guarantee to a coin flip.

What happened?

Why America Abandoned the Greatest Economy in History

Was the country’s turn toward free-market fundamentalism driven by race, class, or something else? Yes.

www.theatlantic.com

The transfer of wealth from the working class, to the morbidly rich. That's what happened. We now just need to teach this to the Gen Z and later generations, and how to take that wealth back from the "Entitled Worthless", of whom it does not belong.

PArt of that is a bogus comparison because WWII left us unscathed

 

[Darkwind]

Maybe somewhere around 200 years ago or something.




You are making assumptions not available.




Probably so but that was not an option.

When I speak about what I will or would do, those are NOT assumptions.

 

[pknopp]

When I speak about what I will or would do, those are NOT assumptions.

Your McDonalds check isn't going to get you far.

 

[Darkwind]

Your McDonalds check isn't going to get you far.

I haven't worked for McDonalds since 1977 so I'm not concerned about it. I do have a very nice 401k that WILL get Me far.

 

[pknopp]

I haven't worked for McDonalds since 1977 so I'm not concerned about it. I do have a very nice 401k that WILL get Me far.

Cool story.

 

[Darkwind]

Cool story.

Awww.. Did I hurt your feelings? I'm going to need a moment to get over it.

Have a nice day.

 

[Doc7505]

NAFTA

~~~~~~
The introduction of NAFTA helped bring about the destruction of America's industrial might and created a service related nation.
For the most part America does not manufacture durable goods any longer.

 

[SassyIrishLass]

There's always government work.

See Joe Biden, never really worked a day in his life... except that lifeguard stint when he put Cornpop down and little girls rubbed his blonde leg hairs

 

[BluesLegend]

Trump gave us a glimpse of a strong American economy, then stupid shit Dems took over and wrecked it with their stupid shit policies.

 

[BluesLegend]

See Joe Biden, never really worked a day in his life... except that lifeguard stint when he put Cornpop down and little girls rubbed his blonde leg hairs

You forgot, Joe is also dumb as a post. Brilliant idea put that dimwit in charge.

 

[BluesLegend]

If you want live paycheck to paycheck your entire life, then vote for Democrats. They will happily take YOUR money and pocket it while you struggle.

 

[SassyIrishLass]

You forgot, Joe is also dumb as a post. Brilliant idea put that dimwit in charge.

No no, he graduated top of class.... that asshole lies like diarrhea, he can't stop

 

[BluesLegend]

No no, he graduated top of class.... that asshole lies like diarrhea, he can't stop

Like most Dem leaders, their bio is pure made up propaganda.

 

[badger2]

~~~~~~
The introduction of NAFTA helped bring about the destruction of America's industrial might and created a service related nation.
For the most part America does not manufacture durable goods any longer.

America has been hollowed out industrially.

 

[Doc7505]

America has been hollowed out industrially.

~~~~~~
Indeed, we don't make steel, Iron, or lead. We don't even manufacture our autos, we assemble the parts manufactured offshore.
Even Boeing finds it cheaper to buy the parts from China...

Boeing Company Opens New Chinese Factory Amid U.S.-Chinese Trade War

Boeing is making big bets on the Chinese aviation market even during US and economic China tensions.

interestingengineering.com

**********

China is hoping to begin deliveries of its first mainline airliner soon. Here's how the jet compares to its Boeing and Airbus competition.

China hopes its homegrown C919 jet will make it less reliant on foreign technology, but the plane's range and technology fall short of competitors.

www.businessinsider.com

 

[otto105]

No.

We did it by letting Joe Biden's puppet masters steal an election.

End of story.

Hilarious that you think President Biden was elected between 1940 and 1980.

 

[WinterBorn]

The two biggest factors against our economy are outsourcing labor and automation.

A company has one job, to make a profit. One of the few expenses against profit that can be controlled is labor.

 

[HikerGuy83]

that wealth back from the "Entitled Worthless", of whom it does not belong.

Why does it not belong to them ?

Did they get it illegally ?

Please, shit-for-brains, clue us in.

 

[otto105]

The two biggest factors against our economy are outsourcing labor and automation.

A company has one job, to make a profit. One of the few expenses against profit that can be controlled is labor.

One important factor also is the corporate efforts thru the republic party to oppose Unions which made the middle class.

 

[SassyIrishLass]

One important factor also is the corporate efforts thru the republic party to oppose Unions which made the middle class.

And now bankrupting automotive