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originally posted by: Bluntone22
a reply to: Puppylove
That is true in some respects.
Culture has changed in that time too.
June cleaver stayed home and cooked.
They had one car.
They had smaller homes and took shorter trips.
Was it better then?
Is it better now?
originally posted by: Edumakated
A big issue is that a lot of people put themselves in a hole that is hard to get out of such as having children out of wedlock or before they can actually afford kids.
originally posted by: contextual
originally posted by: XCrycek
Of course it has, and it's not only in the USA but in Europe as well.
But hey, people think middle class is thriving if Dow Jones is in green.
Europe is dominated by Capitalist governments, it's no surprise workers are working for peanuts.
Getting rid of those unions hasnt worked out too well has it.
Every brexit talk head is now saying people voted to wreck the economy, lose jobs and see wages stagnate now, the EU blows mucho money trying to prop up wrecked economies like Greece and sees knock on effects, America voted in trump despite obvious warnings he doesn't understand real world money, flat taxes never work.
People keep voting in Capitalists with failed ideas and wonder why nothing changes, circle of life innit.
originally posted by: OccamsRazor04
a reply to: jacobe001
Construction jobs have been taken over by illegals and immigrants. As a result pay has stagnated. It used to be a great job for a lot of people, now most Americans would never do it. Illegal immigration working as intended.
Economies that exhibit a higher velocity of money relative to others tend to be more developed. The velocity of money is also known to fluctuate with business cycles. When an economy is in an expansion, consumers and businesses tend to more readily spend money causing the velocity of money to increase. When an economy is contracting, consumers and businesses are usually more reluctant to spend and the velocity of money is lower.
Since the velocity of money is typically correlated with business cycles, it can also be correlated with key indicators. Therefore, the velocity of money will usually rise with GDP and inflation. Alternatively, it is usually expected to fall when key economic indicators like GDP and inflation are falling in a contracting economy.