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IIRC the areas where things are getting worse, or at least, not getting as good as the GDP statistics would lead one to believe, are: [edited to incorporate so
by sethg 18y ago
IIRC the areas where things are getting worse, or at least, not getting as good as the GDP statistics would lead one to believe, are:
[edited to incorporate some stuff from downthread]
- people with only a high-school education don't have the same job opportunities as they used to
- the employment sectors with the highest job growth are those that don't pay very well, e.g., janitorial work rather than automotive plants
- a lot of people who want full-time jobs can only find part-time work; people with full-time jobs are working more hours with less or stagnant vacation time
- more families in which both the husband and wife work out of economic necessity rather than choice
- the housing bubble caused many people to treat the appreciation in their home's value as a substitute for saving, and now that the bubble has burst that "wealth effect" is operating in reverse
- cost of health care rising significantly faster than inflation; higher premiums and copays for those with insurance, more economic risk for those without
I think some of these are 40-year trends rather than 20-year trends, but if you drill down into the quality-of-life statistics, I think these are the kinds of things to look for.