by anovikov on 7/27/24, 4:35 AM
I still can't understand how is this possible given that at least in the U.S., GDP is still, on average, growing at a healthy rate. How can the next generation be poorer than the previous one if real per capita GDP increased by about 75% in 35 years, which is about duration of a generation? Where did the difference go? Just eaten up by 1% so the median ended up poorer? Then we have inequality problem, not generational problem. Inequality problem just needs better propaganda to be mitigated.