> pre-internet style of governance had substantive problems which the working class didn't like (e.g. globalization leading to a race to the bottom in manufacturing wages).
"Observing a problem", "diagnosing causes", and "presenting workable solutions" are three completely different things though.
Wage stagnation leading to quality-of-life declines is the first of these - people can notice this immediately in their life. Diganosing "globalisation" as the problem is harder and more complicated (would the US really have been better off trying to be a manufacturing autarky for the second half of the 20th century?). And the proposed solutions .. well, this is where it gets really bad.
The existing elite have done a very good job of suppressing the peaceful, workable solutions; various sorts of social inclusion and redistibution. That leaves only the unworkable and disastrous solutions out there.
> Wage stagnation leading to quality-of-life declines is the first of these - people can notice this immediately in their life.
Despite popular graphs making rounds, there has been little if any wage stagnation. Moreover, people are also really bad at noticing it: a median and an average Americans now have better housing situation than 50 years ago, in terms of actual living space available for them, fewer roommates, better quality of housing, and yet the sentiment is the opposite.
Source? Every piece of data I see shows that the top quintile is running away with almost all of the income and wealth growth (especially the top decile), and that economic opportunities are being concentrated in certain urban areas resulting in higher rents and property prices, all the while home ownership and stable careers are in decline.
Having a bigger room and smart phone does little in the face of higher variance of one’s future security. The compounding nature of the game’s fruits are clearly evident now, and people rightfully are afraid of permanently falling behind.
Wage stagnation primarily for unskilled men (women's wages have risen a lot, skilled labor has risen as well).
The reason? "The TL;DR answer is that it was a combination of immigration, loss of manufacturing jobs overseas, massive entry of women into the labor force"
So a drastically increased supply of labor depresses prices of labor.
He also avoids "household income" because households are smaller (fewer children, divorce) and because of two earners, but those very things increase economic "quality of life" measurements for individuals in those households ($ per capita).
"Observing a problem", "diagnosing causes", and "presenting workable solutions" are three completely different things though.
Wage stagnation leading to quality-of-life declines is the first of these - people can notice this immediately in their life. Diganosing "globalisation" as the problem is harder and more complicated (would the US really have been better off trying to be a manufacturing autarky for the second half of the 20th century?). And the proposed solutions .. well, this is where it gets really bad.
The existing elite have done a very good job of suppressing the peaceful, workable solutions; various sorts of social inclusion and redistibution. That leaves only the unworkable and disastrous solutions out there.