Re: A new study shows daycare costs more than rent and mortgage in almost every state

On 5/18/2024 2:36 PM, Akidasar wrote:
> On Sat, 18 May 2024 20:29:40 -0000 (UTC)
> Baxter <[email protected]> wrote:
> 
>> That all ended
>> with Reagan's union busting.
> 
> https://www.fool.com/investing/general/2013/08/05/the-day-ronald-reagan-weakened-the-american-labor.aspx
> 
> The Dow Jones Industrial Average (^DJI 0.34%) began what would be the
> longest and strongest secular bull market in its history a year after
> Reagan broke PATCO, producing real gains of nearly 700% from 1982 to
> 2000, even though real corporate earnings only doubled during the same
> period. These market gains -- which took place at a time when millions
> of Americans were becoming stock market participants -- helped the
> nation overlook a growing divide between labor and capital that only
> became widely apparent following the 2007 financial crisis.
> 

Jep! That was the beginning of the end of the middle class, and the 
biggest boost ever for the ultra rich jumping away from everyone else in 
income.