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A comment on For first time since 1880s, more young Americans live with parents than partner. Parent comment

Re:For first time since 1880s, more young Americans live wit... by exstudent2 on Tuesday May 24, 2016 @05:30PM (#11765651)
The US was the only major industrial nation not to be completely devastated in WWI and WWII. They/we benefitted from this enormously throughout the 20th century. It was only a matter of time before things normalized.
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Re:For first time since 1880s, more young Americans live wit... by carsongross on Tuesday May 24, 2016 @05:33PM (#11765679)
Are you sure that that is correct?

Do you believe in the Ricardian argument for free trade? If so, why did we not become richer as other countries became better trading partners?

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Re:For first time since 1880s, more young Americans live wit... by exstudent2 on Tuesday May 24, 2016 @05:46PM (#11765789)
I don't think we have free trade (although I would certainly support it!). I think we probably are richer than we were pre-war. We're just not at the peak we were after the war when we had a monopoly on success.

We also profited greatly supplying the wars. We haven't had a "market" like that since then. The US was mostly its own customer during the cold war.

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Re:For first time since 1880s, more young Americans live wit... by GFK_of_xmaspast on Tuesday May 24, 2016 @06:42PM (#11766147)
What other major industrial nation was not devastated during either World War? (I guess you can say "Canada" but I'm not sure how "major" or "industrial" they would have been in WWI).
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Re:For first time since 1880s, more young Americans live wit... by carsongross on Tuesday May 24, 2016 @06:52PM (#11766217)
You are assuming the conclusion.

My question is: the standard Ricardian argument for international free trade assumes that as trading partners become more productive, all trading partners benefit. Do you think this is the case? Certainly the original post does, as confirmed in his response.

If that is so, why would other countries becoming better at making things make us poorer?

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Re:For first time since 1880s, more young Americans live wit... by Camillo on Tuesday May 24, 2016 @10:30PM (#11767282)
It may have made America as a whole wealthier, but destroyed the working class.
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