Reply to When I was in college (20+ years ago) I worked retail and was scheduled 4-5 days a week

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Reply to "When I was in college (20+ years ago) I worked retail and was scheduled 4-5 days a week "

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[quote=Anonymous]Because the USA is post-boom cycle, OP. The biggest mistake people make is assuming that countries' economies do not change and that they can have the same lifestyle as their parents, or better. These assumptions are entirely unreasonable, since new technology drives the global economy and human beings find it very hard to predict where it's going to lead in the future, and which country will suddenly find itself with an economic advantage or an economic vulnerability.

We are now experiencing a rebalancing of the world powers, from a post-WWII American ultra-supremacy to a different equilibrium, with China as an equal power.

There is no domestic policy in the world that can offset that, unless you're looking at drastic shifts in work-life balance and a reframing of societal expectations (like what happened to Japan post WWII - it was brutal). It's not any President's fault, whether right or left, that the USA has declined in economic influence. There are just too many global factors at play.

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