We can thank all the imported crap that started flooding the USA after 1970. Before 1970 there was a labor shortage because we made everything here, and wages outpaced inflation. By miles. You could quit your factory job and get a better one in a half hour. Also 10% down for a new American car loan and three years to pay it off. High school kids were buying new cars. The under 25 group were the biggest buyers.
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