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Purchasing power through real inflation adjusted wages hasn't increased since the 70's, but costs of living have [1]. I don't think "previous generations had it
by entropeas 8y ago
Purchasing power through real inflation adjusted wages hasn't increased since the 70's, but costs of living have [1]. I don't think "previous generations had it way worse" than us in all regards.
[1] http://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ http://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-...
- chrisco255 8y agoOk, so take it back to 1940 and earlier. Poverty extremely widespread. Or take a look at countries by suicide rate: https://en.wikipedia.org/wiki/List_of_countries_by_suicide_rate https://en.wikipedia.org/wiki/List_of_countries_by_suicide_r... You'll find Jamaica, Syria, Guatemala, Pakistan, Venezuela, Iraq, Egypt, Mexico, Kenya, and a whole host of countries that are far poorer off than USA but have much lower suicide rates. You'll also notice that Japan and South Korea are higher than ours. Why is that? Poverty or economic hardship is not a predictive indicator of suicide.