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Incomes are, on average, rising a little. Which is partly why the stock market is freaking out; Wall Street hates it when income goes up, because they view it a
by Finnucane 9y ago
Incomes are, on average, rising a little. Which is partly why the stock market is freaking out; Wall Street hates it when income goes up, because they view it as money coming out of their pocket. Cities like New York and Boston and SF are expensive because there's a lot of money going through them; this creates high demand and high incomes for some. But companies like Facebook and Google and Apple could certainly afford to pay everyone who works for them in any capacity enough so that no one would have to live in a car. But the investor class would have a shit if that happened.
- deleted 9y ago[deleted]