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I have a theory for this. I am a capitalist but I do believe that America has a real wage growth problem for majority of Americans especially on the lower end o
by codegeek 7y ago
I have a theory for this. I am a capitalist but I do believe that America has a real wage growth problem for majority of Americans especially on the lower end of income spectrum [0]. Things have changed where now even though people make more money monetarily, the actual purchasing power is much lower. So now, most American families have both spouses working and of course single income households are only by force and not by choice for most middle class/poor Americans. Not to mention the stress of things like healthcare costs, it really adds up to the stress that I would argue most other developed nations don't have.
So I really think that we need a Capitalistic society with social programs that provide the basic needs to EVERY american. For basic needs, we should not compete with each other. We should only compete for innovation and creativity. I want every American to be able to eat, sleep in a decent place and not worry about healthcare. If that can be taken care of, let them excel if they can in whatever they want to excel at.
[0] https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us...