Quote:
Originally Posted by Stormer
I would like to see actual stats on this as it does not ring true for me. Maybe it is true in the U.S., but I do not believe this is correct in Saskatchewan. I would suggested that average household disposable incomes have increased dramatically since the 70s and 80s in real terms. Also households are smaller so they should have more discretionary income.
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“Doesn’t ring true for me so it must not be true” is such a typical Boomer response lol.
Here’s a start for you but how much more evidence do you need than what I already said in my original comment? (plus the rise of right-wing populism, household debt and drug addiction - which are all connected with economic inequality caused by globalization and automation, which are necessary and inevitable) The fact housing and post-secondary costs have FAR outpaced incomes, coupled with the fact real incomes have barely increased in the past 40 years, should make it obvious why department stores that catered to the middle class have died or are dying and are being replaced by Walmarts and dollar stores (Walmart and the like also caused an off-shoring of good paying jobs that have yet to be fully replaced, further weakening the middle class). It’s not the fault of the internet because places like Sears and Eaton’s were dying well before Amazon came about. Even if real incomes in Saskatchewan have improved, housing and post-secondary costs have still risen more dramatically and our small province isn’t enough to keep places like Hudson’s Bay alive.
I just want to mention that economic inequality is the most significant issue facing the West, including Canada, only behind climate change. Its obvious that otherwise intelligent posters are ignorant to the realities facing a large portion of people today. This is expected when we are living in an ever-more isolated world caused by social media and information bubbles. If you want to learn more about how economic inequality is going to affect us and for details of one of the solutions, I invite you to listen to a
podcast Sam Harris did with tech-investor and Democratic presidential nominee, Andrew Yang.