4 ms·
The divide in this society is becoming so deep stories like this almost seem like a parody. If you're at a high enough level you get paid in equity-based compe
by stopads 7y ago
The divide in this society is becoming so deep stories like this almost seem like a parody.
If you're at a high enough level you get paid in equity-based compensation or benefit from a close relationship where someone gets paid in equity, then you're golden. These are the greatest times in history, every number keeps going up and everything keeps improving. Endlessly increasing buybacks and endlessly increasing equity compensation is doing nothing but accelerate this massive growth at the high level.
For everyone else it's a nightmarish hellscape of gig jobs and poverty and debt and zero healthcare. It's such a different experience that rich people might as well be living on the moon.
- solotronics 7y agoNot disagreeing with you but is the relative inequality better or worse than other periods in history? I would argue the world is more fair today for more people than it ever has been before. Of course there is inequality, there always has been, but its getting better.
- Ididntdothis 7y agoThere has been a trend towards more inequality in developed countries over the last decades. So we have to be careful not to regress.
- deleted 7y ago[deleted]
- stopads 7y agoMuch, much worse. We passed the legendary inequality of the gilded age about 15 years ago, and the rate at which the divide has been growing has been increasing ever since. We created the richest people who have ever lived by a wide margin, and all trends point to the margin increasing.
- coldtea 7y ago>Not disagreeing with you but is the relative inequality better or worse than other periods in history? Is the available wealth and technological means to eradicate inequality "better or worse than other periods in history"? That's the important question, not whether a 2019 country that sends people to the moon and has access to nuclear power, communications, computing, etc, is better off than a 1500 A.D. feudal kingdom or a 10.000 B.C. cave...