Comments by "Debany Doombringer" (@debanydoombringer1385) on "How the Baby Boomers Ruined Society" video.
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@EekChocolate Everything you're saying is completely false. Gen X, my generation, created a new economy because we had to to survive. Those jobs being shipped out are why 90% of what you're complaining about happened. Because there were no more good paying manufacturing jobs that don't require a lot of skill disappeared, that resulted in higher skills being needed. That caused the push for college and the government to step in to attempt to guarantee its availability to those no longer earning from the lost manufacturing which drove the price up. College became so common that businesses now use it to gauge employment readiness which drove the demand even higher.
If you watched the video, you'd know wages are usually pretty stagnant, but because of when you grew up you're used to them growing rapidly. They have grown extremely rapidly to be clear. When I was a teenager the minimum wage was $3.20. Now it's over $10 to start in most places and $15-$20 in many areas. That's in less than 30 years. That's massive growth. As it increases so do prices to go along with it. I currently live in a fairly small town in a sparsely populated state and it's $13+ to flip a burger. That's a $5+ hour increase in less than 5 years. That's not stagnate. The wage increase combined with the shortages caused by getting too much stuff from overseas has caused prices to rise and products to shrink. That's not Reagan economics, that's just plain supply and demand. So again, not manufacturing here has caused an increase in prices that wouldn't have occurred.
The other major issue no longer making things here has caused is a lack of invention and progress technologically. Competition isn't nearly as fierce to create new things so it's become stagnant. That's where the real stagnation has occurred. You went on a tirade about cars. There were always other big car manufacturers around the world. Tariffs added costs to them, making the ones made in the US cheaper and it drove car manufacturers to constantly be improving their cars in looks and quality to appeal to more people. Seeing cars made outside the US was uncommon and limited to the more wealthy before. You can see it across all product markets. It's no longer about improving how well something works or how long it lasts, but just adding little gadgets onto it to increase the cost. Let's look at washing machines. There's been no real big improvements to their functionality in decades. They've simply added some technology into them, but their core functions haven't improved at all. Simply because I can start it with my phone, somehow makes it worth thousands of dollars when the much cheaper one does the exact same core function just as well. Our society now puts massive value on gadgets rather than actual functionality and quality which is a direct result of the Boomers driving the economy into a consumer one. My generation simply responded to what Boomers wanted in order to survive, but it was never what we wanted. That's why the middle class is now collapsing. It was never sustainable, but making things is. If you think it isn't then explain China's massive economic rise since we've shipped most of the manufacturing of our ideas over there.
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