More luxuries than Rockefeller... but earning less than 1980s workers

Shocking Footage from San Francisco Reveals...

July 31, 2023 If you had the chance to go back to the year 1900 and have J.D. Rockefeller’s life, would you do it? You’d be richer than anyone alive… perhaps the richest person in all of history. Your various homes are enormous… and your private movie theater would awe every visitor. But your film collection is in black-and-white. Your homes don’t have air conditioning. Your limo is more likely to break down at any time that the cheapest, oldest cars of today… and hundreds of everyday indulgences, like fresh fruit in winter, are beyond you. It’s amazing but undeniable: Middle-class Americans today have higher living standards than Rockefeller did and enjoy luxuries that would have been inconceivable to history’s richest man. And yet… it’s also true that rising prosperity hasn’t hit everyone. In fact, as my colleague Eric Fry points out, blue-collar wages are actually lower than they were in 1980, adjusting for inflation. It’s a paradox of technological development… ordinary Americans have more luxuries than ever. Yet they’re struggling harder to get by than they have in decades. And unfortunately… this trend is only getting starker. A $15.7 trillion shift is already underway… and when its full force hits, Eric says, it will further enrich millions… while impoverishing millions more. To see what it means for you, click here. Regards, Louis Navellier P.S. Like all tech revolutions, this shift could eventually give everyday people luxuries that are only within reach of billionaires today. In fact, it could even bring about the sort of utopia philosophers have dreamed of ever since the first machines replaced human workers. But there’s a grave danger to what this technology offers… and history shows that whatever progress it brings, workers will pay a heavy price first. To see what’s at stake, click here.

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