Comments by "DrScopeify" (@drscopeify) on "How the Baby Boomers Ruined Society" video.
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The Baby Boomers used the hippie and anti war movement as a way to break from their responsibilities, they gave up on working in factories and industry leading to the massive inflation spike of the 1970s-1980s (similar to Chinese youth today with Laying Flat movement) due to this lack of manpower the entire US system broke due to their activities. The Arab oil embargo in 1970s brought the calamity to hit a wall and US massive inflation spile crushed the system. This lead to outsourcing of industry while baby boomers ran to California to start their run at entertainment, Technology or NYC for Finance. Today the US economy main engine is the same, Tech and Finance but when you combine these 2 you only get around 14% of the working population and so now you also see why middle class is so distorted in America is that the middle class engine is a small piece of the population that generates the demand and wealth that the rest need to feed off, construction, renovation, government, professional servers, logistics, retail, food, are all just trickle down from Tech and Finance workers. The middle class bracket moved way high up today you need like 130,000 a year to really be middle class and both working parents so over 200,000 a year in a place like California or DC or NY or WA or OR or UT or CO or NJ, MA or NC or FL, however most people who think they are middle class ARE NOT. If you don't work in Tech or Finance you are not middle class you are living off of their trickle down impact. So how do we fix this? We cut off trade with China, we raise the price of goods leading to manufacturing and industry boom here in the US away from China. We turn the table upside down, we now have high inflation, high interest rates and home values crash. The table turns over. The wealth goes to manufacturing and industry while Tech and Finance consolidate and solidify and investment money pours in to mining, logistics, infrastructure, back to the 1960s and going backwards from there, up the mountain we go.
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