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I had dinner with my mom last night. She told me she made $2.20/hr as a waitress in 1972. Not including tips.
That's the equivalent of over $16/hr now.
The boomers have no idea how lucky they were. And they fucking wasted it.
They weren't lucky. They voted for people that removed all the guardrails that enabled their success.
I agree. I still think they were lucky insofar as they were born in the right place at the right time to benefit massively over future generations.
This is the important detail. Europe was destroyed and the USA was able to flourish. Opportunities existed that will likely never exist again. Capitalism has never been as great as it was in the USA post-WWII.
Ah, but the USA post-WWIII will be even better! Or at least growth capitalism suggests it will.
America was basically the only industrialized country that hadn't been bombed to fuck. You had to be a clown to not succeed in that environment (or systemically oppressed, since opportunity in the US is always only for white people). Boomers took quality jobs making reliable products and moved those to low wage jobs making disposable products in China.
Boomers Now: "hey if we blow up half the world again maybe it will help the economy, also I'm way too old to be drafted"
They had too. They couldn't get rich if they had to pay workers what they were paid when they were starting out.
Not mutually exclusive.