US quality of life is going down because labor market has lower demand. it used to be: economic growth -> high demand for labor -> high wages -> quality of life.
the only thing that it has to do with being “west” was that new land -> lots of stuff to do -> growth -> high wages -> quality of life. once the land is settled, that stops.
US quality of life is going down because labor market has lower demand. it used to be: economic growth -> high demand for labor -> high wages -> quality of life.
the only thing that it has to do with being “west” was that new land -> lots of stuff to do -> growth -> high wages -> quality of life. once the land is settled, that stops.
If nazis in ww2 had propaganda as good as american dream, nobody would know they lost the war to this day.
actually, to live without economic growth takes entirely different strategies than the labor market and wage mechanism.
it needs strategies that the US has not shown mastery of yet.