The problem is that most of the people who say things like "pull up by bootstraps" are the ones who made such a choice impossible.
Like, you should absolutely not sit around crying and get to work to improve your lot in life. But at the same time, we can't just show up with a firm handshake and get a job that'll pay for a house, stay at home wife, and 3 kids and a yearly vacation like our grandfathers could.
So handwaving it off as "just not wanting to work" is ignoring just how bad the situation has gotten for most younger people and no amount of "hard work" can fix the economy and its various failing sectors. And not in a "not everyone will be rich" sense, but in a basic, decent living just isn't possible for huge swaths of people through no fault of their own.
From owning a home to even raising their own children proper, the cost has gotten so high that you cannot work enough hours to get the quality of life that used to just be a given for guys who'd work only a 9-5.
Even worse, the people who tell you to pull up by your bootstraps are usually the exact same demographic of people that made the situation so bad in the first place.
the people who tell you to pull up by your bootstraps are usually the exact same demographic of people that made the situation so bad in the first place.
I'm skeptical of this statement. Does the Federal Reserve really have that many employees?
Most people just don't appreciate how quickly losing 1-2% of the nation's wealth every year adds up to nobody being able to afford anything.
The problem is that most of the people who say things like "pull up by bootstraps" are the ones who made such a choice impossible.
Like, you should absolutely not sit around crying and get to work to improve your lot in life. But at the same time, we can't just show up with a firm handshake and get a job that'll pay for a house, stay at home wife, and 3 kids and a yearly vacation like our grandfathers could.
So handwaving it off as "just not wanting to work" is ignoring just how bad the situation has gotten for most younger people and no amount of "hard work" can fix the economy and its various failing sectors. And not in a "not everyone will be rich" sense, but in a basic, decent living just isn't possible for huge swaths of people through no fault of their own.
From owning a home to even raising their own children proper, the cost has gotten so high that you cannot work enough hours to get the quality of life that used to just be a given for guys who'd work only a 9-5.
Even worse, the people who tell you to pull up by your bootstraps are usually the exact same demographic of people that made the situation so bad in the first place.
I'm skeptical of this statement. Does the Federal Reserve really have that many employees?
Most people just don't appreciate how quickly losing 1-2% of the nation's wealth every year adds up to nobody being able to afford anything.
He is referring to all the old people sucking welfare dollars down at their children's expense.
That's still not what's creating the situation of not being able to own a home.
Welfare doesn't cause year-over-year compounded losses.