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This is so absolutely adorable.
I live in country that has plateaued financially for the last 2 decades.
You'll be fine. Really. In opposite to what you might have heard, free market capitalism in no way requires constant growth. It can adapt to plateaus or degrowth just fine.
Worse, you will get used to it.
Republicans are really determined to make life as awful as possible, and the democrats in power are fine with it.
Republicans will buy stock in airlines then sink the Titanic, but first make sure their donors' rooms are located right next to the life boats. Democrats will make arrangements so that the band plays your favorite song while it sinks.
They play your favorite song, but the tuba is right in your face and the band is off key.
You just need a union job. I just started mine and my first day I find out we're getting a new contract with $1/hr raises yearly for the next five years, a new boot benefit of $250 a year, better per diem on travel, and better compensation while traveling.
Depends what you mean by crash. Before, we have crashed through small bushes and banana stands. Big showy and doing minor damage. We are about to run into that tiny little tree that the devs never made animations for.
We are not prepared for the devastation that tree will cause.
More of a sticky slide into a chaos. From it our pain and suffering will fuel new metrics for new economic models with new crash indicators. Indicators that when applied to today would appear as an ominous array of flashing red lights.
["Create one's own money as a IOU/ Promissory note, put your thumb print on it's value and signature to it and get others to do the same. Trust it as you would have done so if it were debt based fiat currency. Get your villages and towns to start using it and bingo a new private lawful currency has come to life. :-) ."]
No. Things will just get worse.
Your statement has probably been true since 2008. Maybe longer.
It’s already been going on for 30+ years so whatever you call this is pretty much it.
The crab said: You just haven't seen your steamer yet. The crab is a low-level animal, and its nervous system is so simple that when it is slowly steamed in the steamer, it will keep stuffing the ginger slices next to it into its mouth. It just feels uncomfortable, and it thinks that eating something will make it better. I don't know if you can understand the meaning of this paragraph. To sum up, we are already in the steamer. We thought that if we find a good job and work hard, everything will be fine, but the fact is that wages are not rising, prices are rising rapidly, and the world is rotten.
Grocery value didn't go up. Real wages went down. We should measure inflation based on cost-of-living.
Groceries don't really get more expensive, because the methods for producing food don't really get less efficient over time; if anything, it's more efficient. So there's no real reason for them to become more expensive.
Instead, wages declined. I've already commented many times that the labor market is a free market, that means it's regulated by Supply and Demand. I.e., if prices for labor go down, as we can observe, then that can be interpreted such that supply of labor went up (women go to work too, offshoring labor to other countries, immigrants, ...) or that demand for labor went down (automation, end of growth, ...).
I honestly think that both cases are difficult, where the supply of labor could be a bit reduced by kicking out immigrants and home-shoring labor (and also, to a lesser extent, making it more difficult for women to work), which btw some advisers to trump are seemingly trying to do, but my honest opinion is that it won't bring wages up to how they were in the 1960s. Demand for labor is shrinking too, due to the end of growth and now AI and other automation techniques. I guess we'll have to face that.
edit: just to offer an optimistic outlook, i think that consumerism and therefore demand for consumer products could be stimulated by simply giving handouts to people. most people will spend most of the handouts immediately, and that stimulates consumerism. and that in turn stimulates the economy.
In decades past, employees would get both a cost of living raise and performance raise, but the cost of living raise has all but gone away. One way to fix this is to tie the minimum wage to inflation. It'll have tje side benefit of making companies try to reduce inflation rather profiteering.
Neoliberalism is reaching its natural conclusion, coupled with the gradual fall of colonialism, is going to lead to a permanent crash for the working class.
While Trump is being loud, the project to divide the US working class by ethnicity has been ongoing always, and began ramping up this century.
It will be required as all production is centralised within a handful of families. And the global south can no longer be relied on for cheap resources and manufacturing for middle class treats.
The US doesn't have a union presence, nor does it have understanding of left politics. Conditions will get worse and worse every decade.
Yes