I had a "tech" job in new york city for three years, mid 2000's a single income household. Had a old car and no car payment and paid 800 bucks a month rent. Job had no health care, no pension, no nothing but a wage just barely making it. no future as well. A couple both making an income may be able to buy a home in New York. Society has moved from the height of the cold war era with a single income making it to two incomes making it. Eventually it will be no one making it unless they go third world republic mentality with several families in a household. The political force of the cold war was the glue that held first world together for the western republics, however modern communications, internet and cell phones has been a partial replacement of that past political force. Otherwise the rate of decay would be faster. Exact future is unknown, but I suspect once the western Republic in question can't borrow anymore it will be a very rough and shocking awakening for former first worlder's. It will be a rough ride, make no mistake right now is still the good times.
I agree with the above post. One only has to look at the income gap between the three classes...those who control wealth; the once referred to middle class that struggles to make ends meet with multiple jobs; and the poor who have little or nothing with no signs of hope. There is a finite amount of wealth. 40% of the worlds wealth is now controlled by .001% of the population people with the remaining 99+% scurrying for what is left. This is not sustainable. At some point, and I believe in the very near future, there will be an enormous, violent revolution by people who have no choice because they will have no means to live.
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I had a "tech" job in new york city for three years, mid 2000's a single income household. Had a old car and no car payment and paid 800 bucks a month rent. Job had no health care, no pension, no nothing but a wage just barely making it. no future as well. A couple both making an income may be able to buy a home in New York. Society has moved from the height of the cold war era with a single income making it to two incomes making it. Eventually it will be no one making it unless they go third world republic mentality with several families in a household. The political force of the cold war was the glue that held first world together for the western republics, however modern communications, internet and cell phones has been a partial replacement of that past political force. Otherwise the rate of decay would be faster. Exact future is unknown, but I suspect once the western Republic in question can't borrow anymore it will be a very rough and shocking awakening for former first worlder's. It will be a rough ride, make no mistake right now is still the good times.
In most of the industrial world growth is dead. Get used to being poorer.
I agree with the above post. One only has to look at the income gap between the three classes...those who control wealth; the once referred to middle class that struggles to make ends meet with multiple jobs; and the poor who have little or nothing with no signs of hope. There is a finite amount of wealth. 40% of the worlds wealth is now controlled by .001% of the population people with the remaining 99+% scurrying for what is left. This is not sustainable. At some point, and I believe in the very near future, there will be an enormous, violent revolution by people who have no choice because they will have no means to live.
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