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this post was submitted on 31 May 2026
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This is not just in the US.
In fact it's exactly the same in the very country where The Guardian is based, where the present day income supposedly equivalent to the wage of a factory worker in the 60s that was enough to pay for a house, a car and a family of 5, is now barelly enough for 1 person to rent a small place.
Ditto in at least the rest of Europe.
This is the end stage of Neoliberalism - a time of wealth concentration, maximized income from the pure ownership of Assets and no regulation, where life essentials that people have no choice but to pay for are provided by monopolies or cartels who aren't restricted from extracting outsides rents from such dominant positions: people are paying what are de facto "taxes paid to the private sector" at the same time as they keep getting fed the swindle that the State should be smaller so that we pay less taxes.
We live in Peak Fraud times.