“It seems to me that during downturns of the past there was always a general consensus that things would improve.”
Upon what merit? Smart work or wishful thinking? There is also another meme from the past that states: “Just when you think things can’t get any worse, they do.”
I’m glad you prefaced your statement with “It seems to me…”. Please understand that it didn’t necessarily “seem” that way to everyone.
I adhere to a genetic model of economics. When a body (society) is stressed, cells that continue as they are will continue being stressed. Cells that engage beneficial mutations will thrive. So perhaps those who are stressed will engage as many mutations as possible in order to find one that leads to thriving.
I know a lady, who under economic stress, first mutated her life by economizing, downsizing. Then she mutated again by taking advantage of all the free education on YouTube. In her case, she learned wordpress. Then she mutated again by offering her services to web developers. After many rejections, she finally retained one cheap paying client, then two. Her smart work has satisfied the desire to “improve”.
Amateurs wait for things to happen. Professionals make things happen.
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“We are supposedly in the midst of accelerating recovery.”
“We”? While some are awaiting for that to happen, others are attempting to make it happen. Those who are attempting to make it happen will receive the first and most accelerated bountiful rewards. Those who await for it to happen may never see any rewards at all.
Engage, even at the lowest level, and contribute to making it happen. Socialize and network. Just like thriving genes do.
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“Why doesn’t it feel that way?”
To some, it does. To others, not so much.
Certainly no one believes that the “American Dream” was ever based upon a dream. No. It was, and is always based upon a universal human desire to achieve as much as those who achieve more than we ourselves do. There is absolutely nothing “American” about it.