Oaktree
Super Member
Not to mention other modern day "necessities" like $1000 I-phones with unlimited service for every member of the household, a bunch of subscription streaming services, etc.My grandparents were a 2 income family working for GM back in the 60s and they lived in a 2 bed 1 bath house that was maybe 900 sq ft and they shared a single car. They never complained and thought they had it pretty good. A 2 income family working the Amazon warehouse today is pulling in $60k a year plus benefits minimum, probably closer to $75k with any competence and experience. Could they afford a 900 sq ft 2 bed 1 bath house and one basic domestic sedan? Absolutely, but they would consider that an unacceptably poor standard of living and be rioting in the streets. That's the real difference between yesterday and today.
It's easy to call corporations greedy, but there's plenty of that to go around.