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How come that during the 1970s, most Americans could work a 40-hour week and own a house and car, support a family and put kids through college?

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That was before avocado toast became mainstream
@TheDeathOCuHullainn Ah yes, it's all about "If you can't pay your rent then don't have as many lattes or avocado toast" isn't it?

How about "If you can't pay your employees a living wage, don't buy so many yachts, rockets, and spacecraft!"