Earlier quoted context omitted.
> but I'd tie this back to greater cultural unease about one's economic future more than anything else. Most of the folks I know are in their 30s and don't believe they'll ever retire. >If the system is squeezing every ounce of your labor out and you're only seeing a small return on it, what's keeping you motivated? But by any metric you choose these things were worse in the past. We didn't have safety nets for the e…
Wealth owned by the lower and middle class used to be higher. Not always, but certainly we're in a period where wealth inequality is wildly different than it used to be. In periods of increasing wealth inequality, I'd expect less class mobility and increased anxiety and hopelessness. Combine that anxiety with climate change, political gridlock, loss of privilege, a sense that retirement will never happen, and general…
Where? In the US?
Post-WW2 saw the rest of the world blown to bits, and the US and USSR being the only two powers left standing. Incomes shot through the roof for the average USA-ian because everyone else who could have done cheap labor was dead or busy rebuilding.
Pre World Wars there was plenty of deep, deep poverty in the US, and there was much labor unrest (e.g. the Pullman Strike, etc.) because of it.