I just realized why the “economic boom” story feels very surreal to me (quite apart from any skeptical bias I may have as an anti-Trumper). I can’t put any anecdotal color on it. It’s a boom without a story attached, at least in non-1% blue coastal world.
Anyone got anything?
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Maybe it’s cultural anxiety masking economic strength, but everybody I meet in the middle class is either holding position or gradually weakening. The rare people winning are winning in special-case ways, like somebody with a startup taking off etc. There is no broad-based boom.
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By contrast in the 90s and mid aughts it felt like everybody I met was winning or in FOMO about being left behind in easy-wins times.
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End of career boomers are crushing it. Racking up end of career salaries and padding their already cozy retirements. Seeing a lot of this in New England among friends parents.
Seems gen x is being squeezed or held off by them too.
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As Gen X, I can confirm. Damn boomers are keeping me off the gravy train.
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Pretty sure it’s mostly service sector job creation. Cleaners, delivery drivers, medical technicians, etc.
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That and a rising stock market enriching corporate leaders, as Trump likes to crow about.
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What consumers and what are they buying and who’s getting rich as a result?
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Agreed. Feels like the symptom of financial engineering, fiscal & tax policy, and regulation more than any kind of industrial revolution.
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Renewable energy investment is still going strong, despite Trump's attempts to revive coal
That's clearly not all of it, but cheap energy is a massive deal economically
thebreakthrough.org/issues/energy/
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