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^ Real wages have been stagnant for 2 decades. Unemployment has been higher before and systemic underemployment has been a reality for the last decade. Manufacturing is all but dead. Debt has been increasing for the last decade also.
Yet, people are getting by, albeit with less savings. Maybe you won't be able to buy more supercars, but people who haven't worked in resource extraction have been muddling along for the last 10-15 years despite systemic changes in the global economy that no central bank has any real effect on.
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