"The dirty secret many now understand is that a lot of wage labor is not enough to get by in America anymore. The past promise of working hard for 40 hours per week and getting a home and a retirement in return is gone for a significant chunk of this country, stripped away by capitalists whose only desire in their miserable lives is to have more than they currently do."
"You are lied to from an early age in America, all in service to a system designed to exploit you for the benefit of capital. You are told to amass five to six figures of debt to obtain a certificate allowing you to make above the median income in the United States. If you don't do this, your ceiling is capped in the supposed land of opportunity, and your bootstraps are worthless."
Many American wage jobs no longer provide sufficient income for housing and retirement. The historical promise of 40-hour work leading to homeownership and retirement has vanished for a large portion of the population. Rising capital accumulation and the growing split between wages and productivity have driven the loss of broadly shared prosperity. The education system pushes individuals into large debts to chase higher-paying jobs that often do not exist. Middle-class wages combined with debt and healthcare costs prevent renters in major cities from saving for a house and retirement. Political reactions include support for anti-establishment figures and growing interest in socialism among younger generations.
Read at Jezebel
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