@mikeyBoy14 your grandparents generation could buy a house and send their kids to college on a single blue collar income.
Correct, until unregulated capitalism stopped acknowledging the human and saw people only as assets to be squeezed for profit, like cows to be milked until they run dry then slaughtered. Wages have largely not kept up with inflation while at the same time corporations turned necessities, like housing and healthcare, into profit centers. They observed the inelastic demand and lack of government oversight and are continuously raising prices on those necessities to maximize profits, knowing that people have no choice but to pay it or die. Capitalism without regulation just results in exploitation of the working class by the rich and greedy.
My grandparents worked 16+ hour days toiling away on a farm doing hard labour for like 60 years. They ate meat and potatoes for nearly every meal because grocery chains weren’t a thing for them (and they didn’t get a fridge until the 60s anyway). A bunch of their family members died of the Spanish Flu and other illnesses that we’ve since cured. That includes both my grandma’s parents when she was maybe 10. The highest-tech thing they owned until they were in probably their 50s was a 13-inch black and white TV that got like 2 channels with its bunny ears.
If you’re saying my biggest issue is that the house I bought cost double or triple than they would have paid in inflation-adjusted terms, I’d say I came out ahead.
All of these arguments are missing the point. They’re attempts at strawman arguments, though I don’t believe it was out of malice. Technologist progress is a function mostly of population and time. Both the US and USDR made significant technological progress, so economic system is a less important (still important though!) factor.
The argument is that the modern economic system compared to our grandparents’ generation is worse. We have less buying power. We have less publicly funded welfare to act as a safety net. Workers have less bargaining power than times past. Large corporations are taking advantage of consumers and workers at huge rates.
We could have had all of the technological progress we’ve made PLUS our grandparents’ economic situation if our parents didn’t fuck everything. That’s the argument.
I just don’t think that’s supported by the data though. On virtually every measure, living conditions have improved across the globe over the last century. You can pick out specific metrics where things are worse in specific countries (housing is the most obvious example where affordability has declined), but taken as a whole I just don’t see how you can draw any other conclusion.
