"Why can't we just have good old capitalism again?"
Did this really ever exist in human history? Or is this a imaginary illusion of a pretty painted picture?
As to why more people are getting poorer - it is because the manufacturing base has shifted from domestically produced products to importing products. People lost their jobs as a result of the imported goods.
Technology has changed over the last few decades - for one example the common bread bag was paper years ago and this meant lumber jacks and lumber companies, processing of the timber in the mills and pulping that into paper, then distribution of the paper and manufacturing of the bags in factories.
But now it is plastic bags for bread, and basically all mechanized and automated without that much human labor involved anymore.
America was once the greatest for producing steel and iron, domestically producing almost all the vehicles sold in America and other sectors of industry - all of these have almost disappeared or greatly shrunk these days.
We have lost jobs with our advancements in tech and automation.
So as a result we have less job demands and more unemployed or to say it better people are still employed but earning less because many of the better paying jobs for the common or average type of people are now gone such as lumberjacks and iron workers for examples.
Instead they are working at lower paying jobs such as warehousing or at Starbucks.
Edited by 0lds0d, 24 March 2024 - 03:32 PM.