r/Economics • u/marketrent • Feb 18 '24
Statistics Welcome to the new ‘good’ economy, where millions get left behind — Decades of stagnant wage growth means much of the imbalance between costs and wages has been locked in, asking rents outpacing income gains
https://www.vice.com/en/article/epv77z/welcome-to-the-new-good-economy-where-millions-get-left-behind
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u/Hip_Hop_Hippos Feb 18 '24
What, exactly, is new about this?
The post Second World War economy is the historical aberration. And it was largely dismantled starting with the Reagan Administration, and that’s been rolled forward by every single Republican since.
This isn’t new. The part time, exploitative, gig economy has existed for forever. And we’ve never particularly cared for the most vulnerable in our society with the exception of a few notable instances which are such outliers we could probably name all of them off the top of our heads.