Jack Albrecht
1 min readApr 2, 2024

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Trump got elected in 2016. America's downward slide started in the 1980s. Since then average wages have stagnated. Up till that point wages had increased with productivity. The graphs are clear. My point as well.

The problems didn't start with Trump, and they are bipartisan. Reagan cut taxes for the wealthy, broke unions and got rid of tariffs protecting US jobs since the founding of the country. Bill Clinton gutted welfare, signed NAFTA (Ross Perot was right about that!) and repealed Glass-Steagal. George Bush privatized a lot -and tried to privatize Social Security (not to mention his illegal war and torture program). Obama gave us healthcare that was mostly a handout to the insurance companies. He bailed out Wall Street and forgot Main Street. Trump's tax cuts were a monstrous giveaway to the wealthy, but it was not an anomoly, just following the trend of the last 40 years.

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Jack Albrecht
Jack Albrecht

Written by Jack Albrecht

US expatriate living in the EU; seeing the world from both sides of the Atlantic.

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