>>13630037
>I tried explain to a boomer that when I made 100k a year in the early 2000s I was making LESS than someone in the 80s making 60k a year while paying DOUBLE what they paid in taxes and 5x as much for a house
Minimum wage in 1964 was $1.25 in 90% silver quarters. MINIMUM WAGE.
Full disclosure: I'm early GenX, so I know exactly how good it was. Yes, there were hard times, BUT the difference was:
-You weren't competing with mass migration for entry level jobs
-The institutions were NOT explicity anti-white male
-This was before financialization so there was a much less lopsided income distribution (ie 10% earn 95% of the wealth)
-Families were supported by ONE man with highschool education
-Mothers stayed at home to look after the kids and were there when they came home from school.
-Homeownership was desirable, but renting a house was very affordable
-Energy costs were low (houses had shit insulation)
As hard as things were, for families wihout major vices, (gambling, addiction, criminality) life got better and better with every passing year.
Young males today have NONE of these advantages, and boomers have actively undermined their children and grandchildren every chance they could.
See the prices for Campbell's condensed tomato soup from the 19th century. The price didn't go up for nearly a hundred years, which meant the price went DOWN over time in real terms.
When financialization started in the 1970s, it was the beginning of the end. We are now in the endgame.