The_Toecutter wrote:In the U.S., the demographic that can actually afford to buy NEW cars of any kind(even if it's a stripper Chevy Spark or Mitsubishi Mirage), are roughly the top 20% of the population in terms of income and/or wealth.
Why does NEW need to be involved. Everything is expensive NEW. I bought both of mine USED. One at about a 35% discount with 10K miles on it, the other at a 78% discount, with 35K miles on it. New? You aren't making a "let them eat cake!" argument are you?
The Toe_Cutter wrote:Most Americans are hurting. Severely. The bottom 4/5ths aren't buying new cars, and 3/4 of all Americans don't even have $1,000 in savings. There are a large percentage of poor or almost poor Americans who think they are "middle class" because they are middle income and can pretend they are middle class juggling debt around to "afford" that mortgage or new car and live paycheck to paycheck to do it, but are truly living beyond their means. In truth the middle class in the U.S. that can comfortably afford those things without being one medical emergency, missed paycheck, or other personal tragedy from losing everything is really found within the upper 20% of the population.
Yes, you have mentioned these stats before. And it has been mentioned, you and I live in different socio-economic areas, and I'll bet you those 4/5ths and $1000 in savings and poverty are sitting in similar places and circumstances. Drug use in the family, no parents around that raised them well, no role models, nobody giving a crap about them at the local level, all the things that afflict parts of our population. Your economic area to have no economic viability, I grew up in one of those, you and I are describing what it looks like. You could as likely mention that people should just MOVE to one from the other should they hope for a "better" life. That was a perfectly valid solution for me, others might not be so geographically mobile. Unfortunate, but that is a choice that they make, or was made for them by circumstance.
Globalization sucked for many Americans. Fact. And I accept that the conditions you elaborate on are a consequence of that. Your solution might be? Bring back The Good Ol' Days!?
The Toe_Cutter wrote:It's not the 1950s anymore. That lower-middle-class "Leave it to Beaver" lifestyle in a modest suburban home with a white picket fence, a single new car, a retirement account, and a college fund for the Beav is going to cost a household $100,000 a year to maintain these days(more if you don't live in flyover country).
Correct. Globalization sold American manufacturing down the river. America, a formative superpower that hadn't been destroyed by WW2, had it good. It began disappearing about the time the boomer generation came of age and decided me-me-me was more important than their culture, tribe, country, or any other generation. The good ol' days ain't coming back Toe_Cutter, and lamenting the passing of that age doesn't improve this one.
The_ToeCutter wrote:I know an inventor. He was homeless working menial jobs. Now he's renting a warehouse to live out of and has a large 3D printer set up in it. These days, inventors are a bit like "starving artists".
I know a newly graduated college kid. Worked 1 year. Accepted her non-beginning job with a publicly traded multi-national company with all the benefits you can't find any more in manufacturing. Or inventing. The sooner the country recognizes that we can't beat southeast Asia or China or Africa with our cheaper labor or manufacturing, or random "inventions", and rich Americans don't like manufacturing noise, smokestacks, emissions and pollution in their neighborhood (so sure! export it to China!), the sooner youngsters might have a chance figuring out how they can get themselves a place in the New World Order, which isn't America in the 50's.
Luddites didn't succeed either, as they complained as they were being bumped off by "progress", so don't feel too bad. But you can keep trying for as long as you'd like I suppose...but there ain't no more 50's America in my future, your future, my kid's future, or anybody's future. Inequity sucks. We get it. Welcome to the non America in the 50's world, that our political leaders fearless led us to. Enjoy, don't enjoy, get yours, don't get yours, it is pretty dog eat dog out there.