Norlund provides a sobering dissection of the structural decoupling between labor productivity and real compensation, exposing the hollowed-out core of the modern social contract. It is a sharp indictment of an economic system that increasingly prioritizes capital accumulation over the viability of the middle class.
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Deep Dive
Your real wages just crashedAdded:
Okay, so we've got to talk about the economy and what people are saying and these are your headlines right now. Real wages start to shrink in developed countries. Okay, so basically prices are growing faster than your wages. And you actually can see right here it says straight her moose crisis. So basically Trump's war pushes price growth. So things are more expensive ahead of pay increases. So prices are growing faster more than your pay. And people are already seeing at the grocery store.
They're seeing at the pump. they're seeing in everyday expenses. And it was interesting. I was thinking about some of the changes that we could be making to help regular workers. Well, one, obviously, bring the troops home and the war. But listen to this person. They have a very interesting point regarding uh what hurts the economy or helps the economy.
>> It'll hurt the economy is just code for it'll affect rich people. Can't raise minimum wage, it'll hurt the economy.
Can't abandon oil, it'll hurt the economy. Can't tax the rich, that'll hurt the economy. But, uh, half of all jobs lost to AI. Well, that's just the way she goes, you know? Nothing we can do about that. That's just the way she goes.
>> And if you hear it like this, I mean, it's just spot on, right? Anything to help the workers. Oh, we can't do that.
It'll hurt the economy, right? Anything that will tax Elon Musk or whatever. Oh, no. We can't slow growth. It'll hurt the economy. But hey, let's get out more AI because that's going to give a big boost to GDP numbers. Wow, fantastic. And and this is essentially what and where we're at. And not only are say Elon Musk and the Trumps completely detached from regular people, listen to this is the ambassador to Canada. What he had to say like essentially why do Canada does not like America right now? Listen to this.
>> No, I mean we think the uh we think the alcohol ban is totally unfair. It's a clear indicator of how 11 provinces feel about trade with the United States.
uh you know they're saying sending a very very clear message about how doing business with the United States doesn't appeal to them. The prime minister has reinforced that uh message. Okay.
>> Okay.
>> So basically this is the US ambassador responding to you know why doesn't Canada why don't people want to buy American products? Why don't people like USA? And it's not just in Canada it's actually all over the world. And so just listen to how he responds. Um, and so it it creates some questions about, you know, does Canada really want to do business with the United States?
>> The US ambassador then went on to say he still doesn't understand why Canadians could be so frustrated by Donald Trump's tariffs. You've got folks who are doing everything they can to get the Canadian public to rally against America. just doesn't make any sense.
>> But do you understand where that frustration is coming from?
>> Absolutely no.
>> In Canada, because you know, a lot of Canadians are saying, "Well, we didn't do anything wrong." And suddenly Donald Trump, you know, put tariffs on us.
>> We put tariffs on everybody in the world.
>> Oh, wow. So, I I guess our US ambassador Canada is like, I just don't understand why Canadians wouldn't like us. I mean, we put tariffs on everybody, so I mean, it we just treat everyone the same.
Shouldn't you like us? Shouldn't you love USA? What?
It's so ridiculous. Again, this is like how we treat other countries and we act like we don't know what we're doing.
It's kind of like the the bully, you know, who who punches you, right? Hits you, kicks you, you know, spits in your eye, whatever. It's like, I Why would you be mad at me, right? Why you I it was just a joke, right? You know how bullies talk like that? This it's it's so ridiculous. And this I had to show it to you because this really represents um how awful it is under Trump. And it's no wonder why other countries don't want to trade with the USA. I mean, you can just see it right there. Oh, listen to this.
This is actually a gentleman who uh left the USA and is sort of talking about how the American dream is is dying or dead.
There's no such path to home ownership.
There's no such path to starting your own business with the same potential, the same ability to take risks. The American dream was alive and well. When my grandpa came, he brought he brought three of his brothers. He brought my grandma's brother. My whole chain of family in the Bay Area, my American roots come from the fact that my grandpa was able with $40 in his pocket at the time to go to the United States and build something. Now, in 2012, after years, decade of being out of the United States, living in Europe, and studying, I decided to do the same thing. I had a month's rent. I had a car that I had inherited, a 1993 Nissan Sentra that I inherited from my grandpa's brother, Mikalli's, and I had $340 cash in my pocket.
It was a different kind of journey than my grandfather had. Was I able to build something? I was. I also had two master's degrees and in a profession that didn't matter. But, you know, like I had certain advantages and yet still that American dream was just always something that was being pitched to me but not something that was realistically tangible. I realized something as I climbed in the ranks. You >> actually listen to this gentleman talk.
It's interesting how he's talking about how his grandfather went to the USA, right? With just a little bit of money in his pocket, build a life for himself, encourage his family to come, right?
ation immigrants and then people are now migrating to other places, right?
Immigrating to other places. He's like, you know, and I think this person's might be in Greece or something like that. Uh talking about how he went abroad, right, and found opportunity, but he's also going to mention something that I think is really key and you have to listen to it for yourself.
>> In different fields in the United States, I worked in one field for many years, then I switched over to business and I realized something. the more I brush shoulders with people at the top, the more I work with people at the top, is that everyone at the top, almost everyone at the top was born into the top. It wasn't like they were able to scratch and claw their way up. We hear these stories about like, oh, they started with nothing.
Very few people in the United States started with nothing. The percentage of people that become millionaires that don't come from wealth to begin with, it's a tiny percentage. It's a tiny tiny percentage. Everyone that's wealthy almost comes from some form of wealth.
The American dream, I mean, what does it take to build to buy a house now? You know, like people get 50-year mortgages and they have to mortgage they have to get a mortgage on their mortgage, you know, they have to refinance and this and that to make investments. Most businesses go under in 6 months and it's usually a capital thing. what this gentleman was saying actually really spoke to me and I just want you to hear different points of view. I say the similar things but it's always good to hear from more than one person. But basically yes when you reach to upper levels of society when you meet the ultra wealthy realize a lot of people are born into it. That's just how it is.
Uh it doesn't mean that it's absolutely you know zero chance of working your way up but it's extremely tough because you're competing with people who can buy influence. uh you're competing with people who you know families are connected to. So for example, we could find really qualified people to work in the White House. We could find really qualified people to be assistants, aids, ambassadors, etc. But the way that Trump runs his, you know, whole organization and administration is to protect the Epstein class and get people to either be, you know, worm tongues who influence him, get people to basically, you know, put money into his family's pocket. Then he does whatever ridiculous policies just to benefit him and his Epstein class. And then it becomes even painfully obvious when say you see the American ambassador talking about, well, I don't know why the Canadians don't like us. I mean, we put tariffs on every country. Why shouldn't everyone love us?
Right? It's like kind of weird stuff, right? Or or you'll see Elon Musk on on TV, you know, whatever, and I show you from time to time. And for any intelligent person, it's obvious that Musk is a Same way it's obvious that Trump is a And so from the Epstein point of view, the Epstein class point of view, they want to make sure that they destroy education so that people do not have any critical thinking skills, right? And so if if you can't think at all and then the only thing that you you see is like well they got money so therefore they must be the greatest and the best and then the whole thing just reinforce themselves. So you know long story short the way the system works is the Epstein people protect the Epstein people right and so that's why we have it the way that it is. So I'm at the grocery store right now and couple observations everything is insanely expensive. It's been expensive, but it's getting to the point where it's like unsustainable to just keep shopping for food, as crazy as that sounds. The second thing is, why are we still using coupons? What is the deal with coupons?
Why doesn't the grocery store just knock down the price to what it should be with the coupon? Why do I have to like pull this little ticket here? Or why do I have to go on the store's app to get the lowest price? Just give me the lowest price. Essentially, what it is, it's a two-tier pricing system. So, you have a coupon, you get the lower price. you don't have a coupon to pay the higher price and so it allows the the store right the Epson class to like charge as much money as possible and then the people who do need the coupons then it allows the Epson class and you know Elon Mus and whatever to track you so if you need the money they can easily track you that's what that's what the coupon thing is all about so you have to register for the app they get your email and they can figure out what you're buying all the time with with your account or whatever and you know they could offer lower prices across the board but no they want to charge as much as they possibly can because if if you you know don't care about prices, you don't have the time to go looking for for coupons and you're not tracked. And so essentially in this regard, you're kind of buying your your freedom or buying your I don't know non-surveillance world, I guess you could say, by not using coupons. And I'm not saying don't use coupons. I'm not saying that because yes, coupons do save you money. But do understand kind of the world that we've set up in in the USA surveys. Look at that. The majority, 53% said they would buy a home in the next five years. those who didn't already own one. That number has fallen through the floor. Look at this. Now in 2025, 2026, just 29%, just 29%. That is nearly half the level. Nearly half the level dropped by nearly half in just under a decade's time. No wonder young people are feeling so much frustration. Now, of course, if you're building out that home, right, in terms of what young people want, what Americans want in order to fulfill the American dream, well, it's not just buying a home. It's a good job. You go leave the home, you have a good job. But young people at this point don't believe it's a good time to actually find a job.
Take a look here. Age 15 to 34 say it's a good time to find a job. Now that percentage, that percentage is just 43%, less than half, less than half of young people say it's right there. The the numbers tell you the story. I I show you what people are saying on the ground, give you different points of view, show you the news. Real wages are going down all around the world. And basically people are saying I I can't buy a home.
I I can't secure myself, right? Or you buy a home because like I own it, it's mine, right? That kind of thing.
Otherwise, you're going to be renting forever. Or here, I can't even find a good job to even get to that stage. And that then goes back to the whole Epstein class thing to where they're creating a world to where they want robots to replace everyone. And then for the human job, it all be based on connection. So you either have to be loyal, kiss the ring, that kind of stuff, or born into it. Um that's the reality. And for me, I want to, you know, build a system based on merit. I want to build a system where the best and the brightest can um, you know, rise and and build a system where where we care about about each other and, um, have opportunities and for fairness. So, um, and I know what it means to to struggle. I talk about several times on my channel. You can read about the studies in my book. Um, it is a complicated world out there and I just try my best to to tell you what's going on. So, I do appreciate your time everyone and I'll catch you on the next
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