> So what has changed since the 1950s? Income inequality has increased greatly from it's low in the 1950s. This means more people make less than X% of the medi

> So what has changed since the 1950s? Income inequality has increased greatly from it's low in the 1950s. This means more people make less than X% of the median wage. Housing has become much more expensive versus average wages. Minimum wage has not increased with inflation. Fallback jobs that require little training and can be done by most people have become fewer and fewer. The remaining jobs have less of a path upwards. The top Federal tax bracket was 90% in the 1950s and it's under 40% now. Etc. etc.