Go look at housing prices vs incomes in the USA, then do the same for Canada. I'll let you draw your own conclusions on how people feel up here.
this post was submitted on 29 Jan 2025
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In my experience, things are a bit similar in Austria, Europe. I had worked an internship in a software development company around 2016, and things were splendid. Everybody was in a good mood, and things seemed to move smoothly. One year later, in 2017, people were holding back a bit more.
I went there again in 2019, and it was okay. In 2020, the business closed.
I think the halt of economic growth is a global phenomenon. Throughout human history, there used to be three big waves of development:
- agricultural (farmers) - biochemical work
- industrial (machine operators and construction) - mechanical work
- information (IT) - electrical/information work
now, it seems to me, the economy is fully developed, and growth slows down. The only growth i foresee in the future will be the settlement of Mars (because mars can theoretically hold up to 1 billion people), and "cleaning up" on Earth (renewable energy).
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We have worse wealth inequality than the golden age
Sounds like this whole capitalism thing we were sold was a lie. And most countries adopted it or already had that system before the U.S. showed up. Capitalism requires infinite growth, so we artificial insert these boom bust cycles to make the rich richer, and everybody else can eat a dick.
Americans are indoctrinated that you have to work for someone else to live, that you have to have a lot of nice things to look successful, that certain jobs are down the chain of the hierarchy, and that there is a hierarchy at all. Temporarily embarrassed millionaires and all that.
Sweden. I'm sure some would disagree, but from my perspective, things here are more OK. Most people i know thats my age (35) with a degree (free tuition) earn more than their parents. Live in decent houses and can comfortably support family with 2 kids on like 1.5 salary.
Not as easy without an education, of course, but if you manage a stem degree, you will likely live a decent life.
Brazil has been stuck for a number of years now, at the very least since 2016. Then again, Brazil being kinda shitty overall is just the average experience, our inequality has always been among the worst ranked in the world
No opinion on this as I’m an American, but as evidence I’d point out that ruling parties all over the world have been removed from power.