Sale is correct on many points, his timeline just isn't accurate.
Sale is correct on many points, his timeline just isn't accurate.
For most people in the world, they are quite a bit richer than their ancestors, even by 50 years ago.
In fact, the number pulled from poverty over the past 50 years is astounding.
Even in rich places like the US, the poor today are vastly richer than 50 years ago. Median wages are at all time highs as well.
So how do you conclude "for most people" (which I take to mean at the very minimum more than 50%) "the economy is not working for them." Which people are these? How do they compare for income or assets or access to things to their ancestors?
Have you been outside in any major city recently? There is a homeless crisis that is truly shocking going on around all of us.
A homeless woman today in any major American city (which generally require hospitals to provide emergency care even to people without health insurance) is safer giving birth than a queen a few centuries ago. A homeless person today in any major American city is safer from cholera, tuberculosis, any antibiotic-treatable disease than a king a few centuries ago.
Society and technology have made us much better off overall, it's not close. The fact that we still have major problems today does not contradict the fact that we have also solved some major problems, too, thanks to science and technology.
A homeless crisis is easy to explain by counting numbers. Count the number of people, count the number of houses and count the number of jobs. The mismatch between those numbers is your housing crisis.
Why is there a mismatch? Because one of those numbers refuses to change despite an upwards trend in the other numbers.
The median is simply much more indicative of how Americans fare.
[1] https://www.statista.com/statistics/555795/estimated-number-...
Economy - "Good or bad"
Environment - "Good or bad"
Wealth distribution - "Good or bad".
If you're betting, someone has to get 2 or more out of 3. But that could be anyone, including complete idiots. So this doesn't by itself tell you anything.
Most of the "bad" would be vaguely "left" positions but they could vary from the left of the NYT to any number of extreme positions as well as including general pessimists.
So at this level, "could be anything".