I was unable to go to college without massive student loans and now I can’t afford to have children despite working obsessive hours.
> I am of the opinion that consumption is what drives the modern economy (for better or worse).
What about having a productive and efficient economy? I was looking at this recently:
https://tradingeconomics.com/country-list/labor-force-partic...
Our labor force participation rate is drastically lower than Europe’s. Not sure why but I remember a post on HN a few days ago where a homeless American programmer was asking for advice and more people than not recommended that he not take a minimum wage job because it would barely help and take all his time. True he had programming experience but this is a homeless person. If being homeless is not enough to justify a low-end job, it seems like a stretch to think this is an economy that can work. Again, what am a I missing? Are you not worried that you’re wrong? Economics is difficult stuff which is why i am asking.
> The production is then typically figured out from that.
Poor people consumer almost entirely cheap-labor made imports, often made in free-trade manufacturing zones (sweat shops) so this is not computing at all for me.
This is at least not the left I signed up for when I was in high school. We hated sweat shops.
