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Al Bellenchia's avatar

The kids may not be all right. If nothing changes, or is allowed to change, housing will be unaffordable to most middle income earners. It already mostly is, and is not getting better.

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Bob's avatar
Sep 4Edited

We’re certainly facing some challenges in our economy these days, ones we didn’t face fifty years ago.

Markets and manufacturing are now global. New technology has upended how we do business. Agriculture is more and more a corporate enterprise rather than a local one, with family farms disappearing. Many businesses have relocated in an effort to reduce costs (that is, pay their workers less) and maintain or increase profits. In the retail sector, local retail is struggling to compete against the Walmarts and Dollar Store giants. Manufacturing has lost out to the service sector as an engine of our economy. Membership in labor unions is at an all time low.

We seem to have, in some ways, reverted to the Robber Baron era of the late 1800’s, where large private enterprises and their owners amassed great wealth through exploitative practices.

It’s time for our government to better address the needs of lower- and middle-income people, and of the vulnerable, instead of catering to the desires of the powerful and wealthy.

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