Since the financialization of the economy in the 70-80s, the economy has bifurcated between "productive" parts which ate well off debt and globalization, and the rest that has had to deal with the fallout of de-industrialization and shift towards a service economy with lower paying, lower skill jobs that are less secure overall.
Politicians have just kept digging us deeper into the hole because while it is not sustainable there is no turning back without major social upheaval and massive uncertainty.
Politicians have just kept digging us deeper into the hole because while it is not sustainable there is no turning back without major social upheaval and massive uncertainty.