Quote by CuriousAnnie
Interesting, Post Covid the US economy seems to have performed better than comparable countries. I had read in our local press in the lead up to the election that US median household income in 2023 was over $80,600, an increase of 4.0 percent, having adjusted for inflation. I thought the Democrats would get credit for that, jobs and even inflation where the US really has out performed many other countries.
Then I googled today and saw this Median Income breakdown, which may have more explanatory power:
No high school diploma $36,620 + 1.1
High school, no college $55,810 + 4.3
Some college $73,610 +3.1
Bachelor’s degree or higher $126,800 + 3.1
Indeed, it does not have the appearance of a failure, but the media did a great job of suppressing the truth, by either not reporting it, or making sure reporting is "balanced" (i.e. guaranteed to be both-sides and half-wrong, to confuse people).
I wondered how much C-suite occupant's salaries have gone up relative to the workers that produce the wealth. I looked it up: 1460% since 1978 for the CEOs. That's even more than the stock market increased. Meanwhile, worker pay over the same period went up just 18%.
How about the ultra-rich that pretty much own the media, like Murdick, Bozos and Mush? I bet they've seen an over 100% annual increase in their income. And the ultra-rich got a drop in taxes, both personal and corporate, thanks to the trump shit-show.
That's the new "American Way": take full advantage of the positive feedback loop of "Success", get "too big to fail", and leave all the rest of the rabble in your dust, not giving a shit about them... because you can.
I think we've found what "fucked this country to its foundation": Greed, selfishness, and stupidity.