this post was submitted on 11 Dec 2023
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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 134 points 11 months ago (3 children)

You know what would fix this? More military spending.

[–] NOT_RICK@lemmy.world 49 points 11 months ago (2 children)

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 71 points 11 months ago (20 children)
[–] potoo22@programming.dev 27 points 11 months ago* (last edited 11 months ago) (1 children)

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 (1 children)

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

[–] peopleproblems@lemmy.world 17 points 11 months ago (1 children)

Terrific time for me to get divorced.

And be a single income prior to it.

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[–] IamLost@lemmy.world 34 points 11 months ago (4 children)

Lady in the thumbnail got some guns

[–] homesweethomeMrL@lemmy.world 10 points 11 months ago (1 children)

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 (1 children)

Seems like a lowball number actually

[–] pinkdrunkenelephants@lemmy.world 17 points 11 months ago (1 children)

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

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[–] IHadTwoCows@lemm.ee 17 points 11 months ago (27 children)

Lol some clown is removing my comments as "uncivil" in posts about how the wealthy are throwing people into the orphan crushing machine and driving everyone into destitute poverty.

Violence is the only way that rights and freedoms have ever been secured. It has NEVER happened by voting. If you're too insecure and pussified to recognize this then you should never be allowed anywhere near a mod button.

[–] dangblingus@lemmy.dbzer0.com 13 points 11 months ago (10 children)

The French Revolution saw less poverty and less inequality than what exists in modern day America.

[–] triclops6@lemmy.ca 9 points 11 months ago

The wealthy view this as progress: "we milked more of the production and still have a docile subservient society"

[–] IHadTwoCows@lemm.ee 6 points 11 months ago

Meanwhile, Thomas Paine and any French revolutionary would be banned and censored on this platform today.

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[–] OldWoodFrame@lemm.ee 14 points 11 months ago (3 children)

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 (4 children)

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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[–] givesomefucks@lemmy.world 4 points 11 months ago (6 children)

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

And some people think the Earth is flat...

But neither population is statistically significant

[–] metaStatic@kbin.social 7 points 11 months ago

Selling my stocks to pay rent would be like selling my car to pay for a bus ticket.

if you need to sell your stocks to receive value from them then you're gambling not investing and I would actually consider that the same shitty situation.

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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.

[–] Blackmist@feddit.uk 11 points 11 months ago (1 children)

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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[–] 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.

[–] 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'.

[–] Melkath@kbin.social 9 points 11 months ago (1 children)

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 (10 children)

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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[–] IHadTwoCows@lemm.ee 6 points 11 months ago

Unions and violence are the only reasonable responses.

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