sword said:
You talk about how great it was in the 1950's & 1960's. Maybe you need to go talk to grandpa again. The standard of living for most families improved greatly starting in the 80's. Want proof lets give it a try.
Not sure how you measure national business success but we will use GDP.
check out page 2 of this data.
40's 50's & 60's were slow compared to the Reagan 80's & post Reagan 90's.
https://ourworldindata.org/gdp-growth-over-the-last-centuries/
Same is reflected in the U.S. stock market growth chart since 1929. Check out the post 1980 years.
http://www.findyourannuity.com/images/usstockmarket.png
OK lets go with household income by decade adjusted for inflation. Lets see what those greedy corporations did to household income.
http://www.advisorperspectives.com/dshort/charts/census/household-income-money-illusion.gif
Feeling the burn yet, lets try home ownership
https://www.census.gov/hhes/www/housing/census/historic/owner.html
Of course the banks and poor government loan rules have hurt these numbers for at least a generation.
How about car ownership;
http://www.earth-policy.org/images/uploads/graphs_tables/highlights38_registrations.PNG
http://tweedlion.com/wp-content/uploads/2015/10/vehicle-ownership-rates.jpg
Note: These are not the best sources of data, but the dept. of trans, the census bureau & the federal reserve web sites will verify the data above if anyone cares to look it up.
Except for the last ten years things have got progressively better for most people since 1929. The Bush / Obama recession has taken its toll on many.
Again, growth is only as effective as those who have risen above it. IOW, are wages keeping up with inflation? Is cost of living keeping up?
I know it is fiction but it is a sign of the times. On the
Andy Griffith Show, there was an episode where the Alan Hale character was a farmer from the sticks, came into town to look for a wife and attaches himself to Thelma Lou. In trying to persuade him to look elsewhere, Andy explains what it would be like to take care of Thelma Lou. He told the farmer that he would have to buy a house in town and get a local job to provide for her instead of his farming. There were openings as a clerk in the hardware store, shoe store and an opening for a night guard at the bank.
As a sign of the times, those jobs were adequate enough for a man to work them and provide for his family along with a mortgage. Is that possible today? Can you be employed as a floor person at Home Depot, get paid enough to pay for a mortgage, have several kids and have his wife be a stay-at-home mom? That is a VERY difficult possibility in today's society. Certainly impossible in some parts of this country.
So wages and the GDP rise. So do wages. On the flip side, so do the cost of things that support living like modern technology and medical care. Don't get me started on the use of debt now days. But have those wages kept up with the inflation that goes along with the other rise in costs? Not hardly. Hence, the middle-class is disappearing. No question, some of the middle class is disappearing because
they are moving up and not down. But on the converse side, there are others who are moving into poverty and sinking deeper.
Here is a chart from 1975 to 2014:
Source
And from 2000-2014:
Yesterday, I was with a man who is terminal with cancer. In order to sustain his life possibly another year+, he has to get a treatment done where his blood is removed, scrubbed and put back in his body. For his body to even potentially accept this without infection, he needs to get his teeth removed. So when I took him to the oral surgeon, he was told he had to have $6700 up front for them to remove his teeth. Credit isn't accepted because he isn't expected to live long enough to pay it off. It's stuff like this that pisses me off. (Sorry, I rarely cuss but am angry at this situation and this is how I really feel.) I understand not doing it pro-Bono, but have mercy on the gentleman. I know he is broke and living off Social Security and a very small pension of less than $300 per month and has a disabled wife he supports. He can't afford to do this procedure. No stocks, bonds, 401K funds to tap into. Even with Medicare, the costs of his prescriptions/medications and treatments is enormous. The cost of his life is too much that society is telling him to die sooner.
This is just one example of where we are as a society. Yeah, he is making more than most people in the world but his debt is up the wazoo with no recourse. If this were a single instance, I understand. But with many elderly, they have to choose between their meds, mortgage or food for a particular week/month. Even WITH government help. Talk to homeless people to see what they did before they got in their situation. Go into the slums and ask poor families to tell you their stories. Watch grandmothers bawl their eyes out when you show up with a bag of groceries at their door. Look at the incredible smile on the face of a 4-year old when you give her a bike because her single mom could never afford one for her. Listen to the stories of the homeless teen girl, pregnant with twins because she was date-raped by a "friend" from school. Talk to the teenager who kidnapped his sister to live on the streets because his mom's drunk boyfriend would put a cable on the stove, heat it up and chase his little sisterl around the house whipping her with the hot cable. Look into their eyes and tell me how Walmart CEOs can take YOUR government monies so their kid's car can move from a 2015 Jaguar to a 2016 model, while there is hopelessness. I know government funding doesn't fulfill that need, but it can help sustain an individual and help them through.
Shouldn't it be a role of a government to care for its people? Why shouldn't governments be allowed to initiate domestic humanitarian efforts for its citizens?
Yes, for many, things HAVE gotten progressively better. Others, not so much. There are still too many that have been left behind.