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Rich getting richer
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this post was submitted on 08 Oct 2025
661 points (100.0% liked)
Enough Musk Spam
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In 1967, one Union job was enough to support a family of four with a house, a car, and money to send the kids to college. At that time, $1 million was considered a vast fortune. GOP Richard Nixon was elected in 1968.
By 1993, 'middle class' meant two incomes to support a family. $1 million was what a rich guy paid for a party.
The US had five terms of GOP Presidents and one term of Dem in those years.
Other countries didn't have Nixon and the same happened so It must be something more than that.
Can you list a few countries where the same also happened? Thanks.
Canada, Australia, most of the EU (some were never able to support a family with a single income to begin with, so those don't count), UK (they had Tacher tho so I will say they had a "Nixon")
Gee, you mean that the country with the greatest economic influence has influence????
Global affordability issues are a direct effect of the US.