> Automation and outsourcing gutted the middle class in the US
What statistics can we look at that shows that the middle class is smaller and less well off than before (“gutted”)?
What statistics can we look at that shows that the middle class is smaller and less well off than before (“gutted”)?
https://www.pewresearch.org/short-reads/2022/04/20/how-the-a...
He was upper-middle-management at a huge company when he was forced into retirement by the "professional" managers who had come in and filled everyone's work-days with meetings and had no fucking clue how any of the actual work got done. Between pension and savings, they were millionaires by then, back when that still kinda halfway meant something, so it was fine. I grew up with everydamnthing I could want, really.
Follow the same life course—put in the same amount of effort, make the same sorts of mistakes—today and you'll work until you can't anymore, and be destitute when you do. And probably not have a family. Assuming you don't succumb to depression and OD on opioids in your 40s, or end up in prison.
I doubt my kids will own a home. Like, ever. And they're pretty damn bright. Unless they go full off-the-grid in the middle of nowhere or something.
The future looks pretty fucking feudal.
It's definitely worse now than it was decades back.