We are seeing the first generation where large numbers of children are worse off than their parents. ie there isn't a sense of general progress.
Parents are working, but children can't find a well paying job or put down a deposit for a house. The trend in life expectancy is even reversing.
The concept of justice and fairness comes in to play as well - it's not just about whether people feel they have enough, it's about whether they feel they are getting a fair share.
If you went to work and got paid the living wage ( just enough to get by ) and somebody else doing the same job got paid more - most people would feel it was unfair and be unhappy.
Yes, excellent points. On top of that, people are clearly (as a group) less well off than their parents, with hardly any pensions, not enough money from a single income (think about how elizabeth warren's mom supported the family and a house with just a min. wage job in the 50s).
It's only people who are in special job categories today (like say programmers) who have so much opportunity. And nothing lasts forever.
Parents are working, but children can't find a well paying job or put down a deposit for a house. The trend in life expectancy is even reversing.
The concept of justice and fairness comes in to play as well - it's not just about whether people feel they have enough, it's about whether they feel they are getting a fair share.
If you went to work and got paid the living wage ( just enough to get by ) and somebody else doing the same job got paid more - most people would feel it was unfair and be unhappy.