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Is the 'stuck' economy a global phenomenon? Americans share frustrations about not being able to get ahead despite education - is this a universal experience? (lemmy.ml)

submitted 2 days ago by [email protected] to c/[email protected]

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I've been noticing a recurring sentiment among Americans - frustration and disillusionment with the economy. Despite having gone to school, earned a solid education, and worked hard, many feel they can't get ahead or even come close to the standard of living their parents enjoyed.

I'm curious - is this experience unique to the United States, or do people in other countries share similar frustrations?

Do people in Europe, Australia, Canada, or elsewhere feel like they're stuck in a rut, unable to achieve financial stability or mobility despite their best efforts?

Are there any countries or regions that seem to be doing things differently, where education and hard work can still lead to a comfortable life?

Let's hear from our international community - what's your experience with economic mobility (or lack thereof) in your country?"

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[–] [email protected] 5 points 1 day ago (1 children)

In my experience, things are a bit similar in Austria, Europe. I had worked an internship in a software development company around 2016, and things were splendid. Everybody was in a good mood, and things seemed to move smoothly. One year later, in 2017, people were holding back a bit more.

I went there again in 2019, and it was okay. In 2020, the business closed.

I think the halt of economic growth is a global phenomenon. Throughout human history, there used to be three big waves of development:

agricultural (farmers) - biochemical work
industrial (machine operators and construction) - mechanical work
information (IT) - electrical/information work

now, it seems to me, the economy is fully developed, and growth slows down. The only growth i foresee in the future will be the settlement of Mars (because mars can theoretically hold up to 1 billion people), and "cleaning up" on Earth (renewable energy).

[–] [email protected] 8 points 1 day ago

I was with you up until the Mars bit 😄