Just your first paragraph shows why you cannot think. You made assertions without evidence nor data, nor causal reasoning.
You cannot have wasted disposal income if you do not have income.
Again, money is a relative resource not an absolute resource.
Even showing that waste of disposable income as a percentage of one's income going up does not refute my point.
You have to show that wasted disposable income by the bottom is growng as a percentage of the economy, not their own income.
If wasteful spending is the same percentage of GDP but income of the bottom goes down, they cannot save. There, right there, is the answer to your first paragraph.
What about the generation that got hooked on cigarettes (lower now than before), drugs (counter culture) and travelled domestically and internationally?
You haven't shown wasted spending was less as a percentage for Baby boomers. You have not provided that data, you are still anecdotal.
You also did not show union dues rise as a percentage of GDP or wages over the years.
If you want these laws repealed, then you have to provide an alternative means of wealth/incom equality.
You also have to show that wasted income of the bottom deciles increases as a percentage of GDP. Again statistics, not anecdotes.
I am not blindly defending unions, you on the other hand are blindly defending reducing in my wages directly, by not tacking inequality, and indirectly, by discouraging union density.
If you want to feel superior and yell at clouds you can do that, it is a tale as old as time.