I’m with you in spirit, but keep in mind the US is still making tons of income overall as a nation - GDP is, and has been, trending up for a long time. That money’s going somewhere.
It’s like if we all ran/worked in a business and saw we’re making tons in profit but we were then being asked (regularly) to take a pay cut. It ain’t right.
That said, yes we all need to learn to live with less because it ain’t getting fixed for at least another generation or two, if ever
GDP is, and has been, trending up for a long time.
That’s because GDP has been inflated to high hell. Military spending and real estate both contribute to GDP as well - notice how high both of those things are in the US?
I’m with you in spirit, but keep in mind the US is still making tons of income overall as a nation - GDP is, and has been, trending up for a long time. That money’s going somewhere.
It’s like if we all ran/worked in a business and saw we’re making tons in profit but we were then being asked (regularly) to take a pay cut. It ain’t right.
That said, yes we all need to learn to live with less because it ain’t getting fixed for at least another generation or two, if ever
That’s because GDP has been inflated to high hell. Military spending and real estate both contribute to GDP as well - notice how high both of those things are in the US?
CPI is a better indicator of a nation’s economy and we’re over 300 points with a lot of industries underperforming and overspending with a CPI ratio of less than 1.