> The American Affordability Crisis is the worst kept secret in history
Who thought it was a secret? Was anyone trying to keep it a secret? The entire media talks about it all the time. I'm not sure what the author why the author is using this idiom here - it doesn't seem to apply in any way.
Wages are NOT stagnant. We are seeing a healthy 3-4% nominal wage growth per year [1]. And unemployment is at 50-year lows, despite "ruthless capitalism".
This article stretches itself to connect opioid crisis with financial crisis, despite the fact that other drugs have taken hold in the past, during financial boom times, like the crack epidemic of the 80s.
As someone who went through bankruptcy 10 years ago, I feel the millennial pain of coming of age in the midst of a deep recession. But, to argue that we have it somehow worse than people who came of age in the 1930s, sandwiched between two devastating world wars, I find it hard to swallow.
At any rate, I think that trends are in the positive direction, for wage growth, economy, etc. and I'm optimistic about the future. There are real challenges with isolation, drug addiction, and debt, but it's ironic to blame capitalism for student debt when these are government-subsidized loans for government schools.
3 comments
[ 4656 ms ] story [ 71.8 ms ] thread> The American Affordability Crisis is the worst kept secret in history
Who thought it was a secret? Was anyone trying to keep it a secret? The entire media talks about it all the time. I'm not sure what the author why the author is using this idiom here - it doesn't seem to apply in any way.
This article stretches itself to connect opioid crisis with financial crisis, despite the fact that other drugs have taken hold in the past, during financial boom times, like the crack epidemic of the 80s.
As someone who went through bankruptcy 10 years ago, I feel the millennial pain of coming of age in the midst of a deep recession. But, to argue that we have it somehow worse than people who came of age in the 1930s, sandwiched between two devastating world wars, I find it hard to swallow.
At any rate, I think that trends are in the positive direction, for wage growth, economy, etc. and I'm optimistic about the future. There are real challenges with isolation, drug addiction, and debt, but it's ironic to blame capitalism for student debt when these are government-subsidized loans for government schools.
[1] https://www.bls.gov/news.release/pdf/realer.pdf [2] https://en.wikipedia.org/wiki/Crack_epidemic_in_the_United_S...