In the 1960's a family would be comfortable with just the fathers full time wages and perhaps some part time work by the mother.
That balance has steadily shifted over the decades to the point now where both parents working for time the family struggles to live comfortably, while at the same time the 1% have increased their wealth exponentially.
They still don't think its gone far enough, as the Bank of England said "you're just going to have to accept you're poorer now" guess who isn't....
Government debt is another problem, their wielding of soft power both abroad and at home is very expensive, it gives millions of nepotistic administrative types high paying jobs they otherwise would not have, the very over taxed public funds are still not enough to pay for all that #### so they print vast amounts of money to pay for it which in turn devalues the money in our pockets, "Inflation" and they also don't think they have not gone far enough with that.
For many years I have been for more jobs to be sent back here,because it is more secure and greener(due to shorter transport links),but it has to come with job creation too. If it all means it is highly automated and AI replaces a lot of roles,who has benefited financially from all of this?
I am also not 100% against globalisation,because it probably makes sense to do certain things abroad,and spread some wealth around the world(a less poorer world will hopefully make things more stable). But the wholesale destruction of jobs in many countries,with no Plan B is utterly ridiculous.
The big issue is speculation on profits and margins. Just look at companies such as Apple and Nvidia? They were already doing well a decade ago. Look at now? But despite this they try to raise prices more and more,and give you less for more,even if sales go down. Why? Because no amount of margins is enough for the speculative stock market. Even 100% net margins won't be enough,because next year you need 101% net margins.
Sub-prime was caused by speculation on toxic debts. The 1929 crash was due to a speculative stock market boom,fed by lots of debt.
Decades ago,the speculative needs were far less,as was the amount of money printing.
This has been aided and abetted by governments who printed tons of money. Most of that printed money wasn't used to increase wages. It was given to the top few percent,companies,etc who have dined on it for decades. It's been behind cheap credit,which has masked how poor wages in many western countries have become.
Even you have noticed how one wage was enough to run a family.
