The cost of living continues to skyrocket while wages continue to be stagnant. This is the elephant in the room no one seems to want to talk about. A lot of people simply can't afford it anymore.
What you say was true for the past 30 years, and I will try to just state some facts without getting political. But there actually has been a recent, drastic change in monetary policy from favoring Wall Street to investing in "Main Street."
You won't hear it in the news, but according to the official Bureau of Labor Statistics:
Private sector wage growth is at +3.2% year-over-year. June saw 224,000 jobs added, and in the May 2019 jobs report 299,000 people moved from Part-Time to Full-Time employment.
Unemployment is at 3.7%. In some states, and for some demographics, unemployment is the lowest ever measured, even as numbers who left the labor force 10 years ago are returning.
Private sector growth in wages continues to run above 3% for the 11th straight month.
Wage growth is actually more than double inflation.
With inflation remaining low (1.3% in June); and assuming inflation is relatively unchanged in July; the 3.4% non-supervisory wage growth, at current wage rates, will be equivalent to
over $900 per year in real wage growth for a blue-collar worker at 40 hours per week.
And maybe that's the point, in how this economic good news does or doesn't effect season ticket sales in Tennessee. The economy is booming most of all for
blue collar workers, and I'm wondering if season ticket sales have been dominated by white collar and corporate sales over the past 20 or so years.
But personally, I think today's TV experience, with the quality and number of cameras covering the game, is the prevailing factor. I know it was for me. Or it would be if I still had TV.