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What do you suggest for the 100 million or more American workers and retirees who have $24 Trillion invested and depend on corporate profits, etc., for their pension/retirement account growth?
What do you suggest for the 100 million or more American workers and retirees who have $24 Trillion invested and depend on corporate profits, etc., for their pension/retirement account growth?
If you're talking about owning a home, being self-sufficient, and having enough income to be comfortable, I think it's nearly dead in the largest cities and very rural areas.
The average person is going to have a tough time keeping up with the cost of living in the most prestigious markets like SF, NYC, and Boston. These places are becoming playgrounds for the elite who can easily afford it, and the poor who are subsidized by the rest of the us. The middle is getting forced out by the raw cost of living.
In the rural areas and small towns, jobs are hard to come by, and what is there often pays substantially less than you'd expect, even accounting for the cost of living. Almost everyone ends up poor there.
Mid-sized urban areas and their suburbs seem to be the last bastions of the American dream.
The GOP has certainly helped out with their love of wall street and corporate greed. Corporations are making record profits at historically low tax levels. Much of the profit from cheap overseas labor and loop holes. This is a crony capitalist based economy which does need more regulating in certain areas and less in others. Unless you are well invested or already wealthy the average working class family will never get ahead in this economy.
So it is a poor mix of political crony pandering and the sheep continuing to be sheep that this is. A big boggy mire with the arrogant wealthy elite representing the goal of American life. Nothing much has changed, just intensified.
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