Brandon Aceto
๐ค SpeakerAppearances Over Time
Podcast Appearances
Like that's a big reason why the wealth gap has expanded so much because companies saved like 90% of manufacturing costs.
And you know, that costs a lot.
Like look at all the old factories that have been hollowed out that are thriving in the 80s.
What's wrong with the wealth gap?
I mean, the middle class has gotten hammered and the top 1% has gone up more.
So what do you think peak America was?
I would say probably the 1950s was the peak America economy.
I would say in terms of the strongest middle class that we've had, I'd say the 1950s was probably peak America.
Strongest?
Yeah.
Way wealthier now than they were in the 50s.
Right now?
Hell yeah.
All right, so one person could work and support an entire family?
Two people have to work to support a family and to even rent a house, let alone buy a house.
Rising tide raises all boats.
No, it doesn't.
The cost to buy a house, it took an average of two and a half years of an average salary to buy an average priced house in the 70s.
Today it costs, it takes nine years of an average salary to buy an average priced house.
So no, the middle class is getting decimated and that's not good.