An explanation for normies: the decline on the left is the result of postwar globalization’s end to american manufacturing advantage. The rise on the right is due to home sales, monetary policy, globalization of investment and finance, and the tech revolution. A lot of people end up with incomes over 200k per year for just one year just by owning a home and eventually selling it. Income doesn’t equal purchasing power or consumption. Unnecessary (irrelevant) higher education increases debt, and delays income, home ownership, reproduction, and family formation. Boomer populations were more competent relative to the US position in the world economy. Repatriating all possible high-value and strategic industries will raise both prices and incomes on the left and decrease on the right. And that’s just the surface of it all.
Reply addressees: @eshear @Duderichy
Source date (UTC): 2023-06-05 10:07:58 UTC
Original post: https://twitter.com/i/web/status/1665661734655336448
Replying to: https://twitter.com/i/web/status/1665194196469161987
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