07-20-2019, 10:08 PM
(This post was last modified: 07-20-2019, 10:10 PM by Warren Dew.)
(07-19-2019, 11:07 AM)AspieMillennial Wrote: It's not going back to a 3T mood because of a failed 4T, it's going back to a 3T mood because the 4T issues are being solved quite fast except for people unfortunate enough to graduate around the recession era and even then we are catching up. The economy is very booming, which is uncharacteristic of a 4T. It's like the 4T is reversing early.
The economy is not booming. It just seems that way by comparison to the Obama years. It's nowhere near the 1950s, or the mid 60s, or the 80s, or the late 90s, or the mid 00s.
That actually makes me kind of sad for most of you Millenials because you've never actually seen what a good economy looks like in your adult lives.
For the economy really to boom again, the Herfindahl index needs to fall substantially - like by half - so that competition will partition more of the benefits of productivity to the consumers, rather than the producers, and immigration needs to be reduced substantially, so that immigrants don't drag down the value of labor.