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But why don't they exist anymore? Everything I read indicates that our productivity increase is the same since 1950. Surely, there must be some explanation...
by jaybrendansmith 5y ago
But why don't they exist anymore? Everything I read indicates that our productivity increase is the same since 1950. Surely, there must be some explanation...
- mgh2 5y agoA complicated issue, but here is a hypothesis: a shift in culture. People are not valued anymore, the current generation only seeks "quick money". Ex: 4HWW, Robinhood, FIRE, crypto, social media, (even startups) etc. promote this mentality and are either responses or symptoms of this shift. https://m-g-h.medium.com/why-we-are-dispensable-7a577eba4f3e https://m-g-h.medium.com/why-we-are-dispensable-7a577eba4f3e
- toomuchtodo 5y agoGlobalization, a decline in unions and collective bargaining power, inflation of healthcare, real estate, and education costs, etc. Middle class America had it good after world war 2 until capital and the rest of the world caught up.
- tkris 5y agoDecline in unions is quite important. A lot more of the profits accumulate to capital than to labor these days.