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[–] 6 points 1 year ago (1 child)

interestingly, i get the sentiment that the economy has stalled since the 1970s from a surprising number of people, and i figured out that it's probably because blue-collar jobs have stagnated since the 1970s, and that's what most people feel. That sentiment coming from Thiel, who invests in software, is very weird though.

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  • [–] 3 points 1 year ago

    The thing is that while people struggle harder and harder for a smaller chunk of scraps, they still have a lot of quality of life improvements over the standard of living back in the 70s.

    You almost certainly have decent access to passable air conditioning, which was far from a given back then. Even if you can't afford decent health care, the sporadic health care you can get is still better than the standard of care then. You can have a 60 inch television and more content provided to it than you could imagine.. You can instantly engage with people all over the world.

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