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I really hope that your comment gets upvoted and seen by many HN readers. I'll elaborate based on my own experiences. To me, this article is explaining an extr
by peterlk 6y ago
I really hope that your comment gets upvoted and seen by many HN readers.
I'll elaborate based on my own experiences. To me, this article is explaining an extremely common phenomenon where people who have "played the game" or "been on the conveyor belt" realize that the game is a lie. In the conveyor belt world, we're taught to get good grades, aim for a promotion, etc. And as long as we keep doing well in a structured environment, goodness will flow.
Those of us how are poor do not get to get on the conveyor belt without great luck or triple the work that it took our monied peers to do the same. Great disruptions to the conveyor belt show those who have never been off it what it is like to fend for oneself as all those who were not fortunate enough to get on had to.
- ericmcer 6y agoThe conveyor belt is not really being disrupted, the Fed refuses to let it be. Look at housing values, stock prices, etc. They are going to float asset prices so the monied don't have to crack a sweat about any kind of income inequality correction happening. Anyone who dollar cost averaged into stocks during the downturn made 100X what our 'essential workers' did checking groceries. I was naive and only took a small position but it's still a joke when I look at its gains today vs someone providing a real service for $12/hr.