On Sabby Sabs, Richard Wolff highlights the struggles of Gen Z and millennials with skyrocketing housing costs and stagnant wages, showing how most Americans are being priced out of homeownership and even decent rentals. The conversation examines the gap between wage growth and the cost of living, advocating for a meaningful increase in the federal minimum wage. Broader economic issues, like the global shift away from the US dollar and the effects of tariffs, are also explored. Local politics come into focus with Zoran Mamdani’s NYC mayoral run and proposals like free public transportation. The discussion underscores the importance of confronting systemic economic challenges and keeping public discourse alive.
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Eventually, and even now, those with means will and are leaving the country for they live off of a rentier society.
Those that remain have two options: either bare the burden for the oligarchy or fight and fight hard.
The issue is global. A generation will now be the lost generation like those who went through the 1920's.
But then, this is not generational, it is class oriented.