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submitted 11 months ago by jersan@lemmy.whynotdrs.org to c/news@lemmy.world

Breaking news: in one of the most productive countries / economies in the entire history of humanity, the majority of people creating that productivity do not get to enjoy the rewards of that productivity.

same as it ever was.

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[-] Vej@lemm.ee 135 points 11 months ago

You know what would fix this? More military spending.

[-] NOT_RICK@lemmy.world 49 points 11 months ago

You’re getting dangerously close to sounding like you don’t support the troops!

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[-] FlyingSquid@lemmy.world 46 points 11 months ago

Well we certainly shouldn't have a universal healthcare system that would lift people out of medical debt and not tie them to low-paying, menial jobs just to get health insurance.

Because something about invisible hands.

[-] lightnegative@lemmy.world 7 points 11 months ago

Look, the oil rich countries arent going to discover freedom by themselves

[-] spudwart@spudwart.com 73 points 11 months ago
[-] potoo22@programming.dev 29 points 11 months ago* (last edited 11 months ago)

I give 1% to my union. My pay is ~10% better than it would be if we didn't have it, and management gets in huge trouble if they mistreat workers. And by trouble, I mean they fired a manager when they scheduled a worker over their lunch break.

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[-] FlyingSquid@lemmy.world 59 points 11 months ago

This was a terrific time for us to go down to a single income.

[-] peopleproblems@lemmy.world 17 points 11 months ago

Terrific time for me to get divorced.

And be a single income prior to it.

[-] Frozengyro@lemmy.world 4 points 11 months ago

Alimony is brutal

[-] IamLost@lemmy.world 34 points 11 months ago

Lady in the thumbnail got some guns

[-] homesweethomeMrL@lemmy.world 10 points 11 months ago

Srsly. Economics Schmeconomics, whats the tattooed lady’s story?

[-] rifugee@lemmy.world 6 points 11 months ago

If she has kids, they gotta be the most well behaved kids in the history of the universe.

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[-] paskalivichi@sh.itjust.works 25 points 11 months ago

Seems like a lowball number actually

[-] pinkdrunkenelephants@lemmy.world 17 points 11 months ago

Many many people are unemployed and/or homeless, or trapped in debt, which skews the numbers.

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[-] OldWoodFrame@lemm.ee 14 points 11 months ago

If only we were back in the good Ole days of 2019 with the economy roaring and 78% of people reporting living paycheck to paycheck according to CareerBuilder.

It's PROBABLY a measurement problem, not an actual number with insight on how people are living. People self report incorrectly to a lot of things, and paycheck-to-paycheck can mean a lot of things. We think of it as someone who might be homeless without their paycheck but someone who would have to sell some stocks or stop retirement contributions might also think of themselves as "paycheck to paycheck."

If you are working, your paycheck is probably a big part of your budget. That makes this survey question a bit meaningless.

[-] BraveSirZaphod@kbin.social 17 points 11 months ago

You're spot on here. Plenty of people count maxing out their 401k and IRA as "living paycheck to paycheck", because their budgets would go upside if they missed a paycheck and did literally nothing to cover it.

Combine that with the general bias all people have to view themselves as generally normal and you get a pretty meaningless metric.

[-] SuiXi3D@kbin.social 9 points 11 months ago

but someone who would have to sell some stocks or stop retirement contributions might also think of themselves as “paycheck to paycheck.”

Oh, like I had to do when I moved to another apartment? I had to wipe out my (tiny) Roth IRA just to pay the deposit. My wife had to wipe hers out just to pay the movers and all the other BS fees. We now have no retirement savings and haven’t since we moved six months ago. We both had to stop contributing to our IRAs in order to continue paying the bills. We’re not even paycheck to paycheck at this point, we’re at month to month.

[-] FlyingSquid@lemmy.world 6 points 11 months ago

We just had to refinance our mortgage because our credit card debt was out of control and the payments were too high.

But it did nothing to help with student loans or medical debts.

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[-] Blackmist@feddit.uk 11 points 11 months ago

Ugh, poor people and their disgusting lifestyle choice of having no money.

Can't they just dip into their trustfunds if they're short?

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[-] dangblingus@lemmy.dbzer0.com 11 points 11 months ago

Still? That number will only grow. Trickle down economics doesn't exist and Americans don't understand what class consciousness is.

[-] dejected_warp_core@lemmy.world 10 points 11 months ago

Remember this the next time someone says "what the market will bear."

Unchecked capitalism is about aggressively exploiting resources. We, our time, and whatever we posses of value, are all such resources.

[-] Melkath@kbin.social 9 points 11 months ago

Hey, but everyone, the 1% are doin' great and Biden needs his re-election, so the economy is super stronk!

[-] njm1314@lemmy.world 9 points 11 months ago

How ignorant can a comment even be? I mean just the idea that the current economy and state of wealth inequality is Joe Biden's fault is astounding. The previous administration gave biggest handout to the 1% of any government in the history of mankind.

But that's just the history of America for the last 40 years I guess. Republicans administrations gutting things, giving massive handouts to the rich, destroying social safety nets, allowing corruption and fraud to go rampant, etc... then when a democratic administration tries to clean it up just a little bit, to stabilize things, all the mouth breathers suddenly forget everything happened beforehand.

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[-] CosmicCleric@lemmy.world 9 points 11 months ago* (last edited 11 months ago)

Really need to bring back the 'New Deal' era laws and regulations.

Waiting for raw Capitalism to 'lift all boats' just won't happen, as only the strongest 'boats' survive the storms.

Capitalisms default mode is 'let them eat cake'.

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this post was submitted on 11 Dec 2023
497 points (98.6% liked)

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