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[–]Sun_bear 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (0 children)

I think your interpretation of what I said is correct!

To go into more depth; essentially if you look at a graph of productivity vs earnings, you will see that for around 30 years after the second world war as productivity went up, earnings did too. However around 1980 they became decoupled and now being are becoming more and more productive but their earnings have stagnated. Here's a graph that demonstrates that:

https://www.epi.org/productivity-pay-gap/

What we have is a cohort of people - millenials aren't really that young anymore - who have made HUGE investments into themselves, both in terms of time and money. The average millennial I know has spent years taking professional courses, degrees, developing soft skills and other relevant personal attributes. There's a lot of unpaid overtime that everyone is expected to do and people are expected to keep up with developments in their field on their own time. The benefit of all that extra productivity goes not to the worker though, but to the upper management.

Then not only are millennials working more for less, housing, education and transport are now vastly more expensive in real terms than ever before. (I'm writing this from a UK perspective, hence not including healthcare) I know so many people who are in their mid to late 30s still living in cheap house shares when someone with an equivalent job in their 60s owns a three bedroom semi that they bought in their mid 20s.

This is a very brief summary of why I think capitalism is not a very good system! But I think some young (35 and under) men have a tendency to misdiagnose the problem as being the fault (somehow) of women. I think the argument goes that because women entered the work force there's more competition hence lower pay, and it is very difficult to buy or even rent a house without two salaries, which is a very silly argument of course.