What would be awesome is if half-assed finance bro speeches weren't being thrown around as serious macro.
Part of the problem is that a lot of the extra wealth ends invested in the house market. This increases the cost of terrains for both old and new homes. It is also not very productive just to buy one thing to extract rents from it. ( There is value in handling the rent, building or reforming and old house).
The urban land is limited and requires government infrastructure to connect it.
Another big cost is the university.
I can't find numbers from earlier than 1980, but 18-44 _is_ lower, though again the rate in 1980 was just a few percentage points higher, and not nearly high enough to imply that home ownership out of high school was in reach for the majority: https://www.census.gov/housing/hvs/data/charts/fig07.pdf
Americans actually want unions back, but because anti-union propaganda is so prevalent, they confused themselves into thinking they want manufacturing jobs back
The main argument would be if you are relying on other countries and you can't produce anything yourself then you need to rely on other countries being good trading partners. If the relationship with those trading partners fails your economy is in trouble.
No single country can produce everything it currently imports much less compete globally on every product.
Does the government just prop up every industry with subsidies? Or use tariffs to make everything as expensive as domestic goods?
People thinking they can go back to making good money in a widget factory is like thinking because you had an ascendant economy in 1836 exporting wood before global electrification, then that lucrative job is always waiting for you even in 2025.
Does not compile.
A house was 2 years salary.