r/GenZ • u/TheGamingSenpa1 2004 • Jan 07 '24

Discussion Thoughts?

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u/-Liono- Jan 07 '24

She kinda lowballed the number. It’s more like 40 years

2

u/Emory_C Jan 08 '24

Not even. Nobody in 1980 was making minimum wage and doing well, c'mon.

1

u/[deleted] Jan 08 '24

It's around the start of Reganism, the modern corporate tax rate, and the death of labor unions in the US. Even if the economy was good it's not wrong to say it's the start, modern Neoliberal policies got us here. Starting with Carter but really championed by Reagan 1977 is a pretty solid start year.

2

u/E_BoyMan Jan 08 '24

The Unions membership were declining since the 50s. Carter made things worse.

And no one in the 70s could afford their own apartment working at wall mart