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Inequality is getting worse and worse across the west: https://equalitytrust.org.uk/scale-economic-inequality-uk https://equalitytrust.org.uk/scale-economic-in
by s0l1dsnak3123 4y ago
Inequality is getting worse and worse across the west:
https://equalitytrust.org.uk/scale-economic-inequality-uk https://equalitytrust.org.uk/scale-economic-inequality-uk
Businesses are choosing to use their profits to perform stock buybacks instead of innovating or improving standards for their workers:
https://hbr.org/2020/01/why-stock-buybacks-are-dangerous-for-the-economy https://hbr.org/2020/01/why-stock-buybacks-are-dangerous-for...
Meanwhile the cost of living is going through the roof:
https://commonslibrary.parliament.uk/research-briefings/cbp-8585/ https://commonslibrary.parliament.uk/research-briefings/cbp-...
And pay is not catching up, further aggravated by inflation:
https://www.statista.com/statistics/1272447/uk-wage-growth-vs-inflation/ https://www.statista.com/statistics/1272447/uk-wage-growth-v...
In the UK we also have a 54% increase in the residential cost of energy (within the context of extreme profiteering from energy manufacturers):
https://edition.cnn.com/2022/02/03/business/energy-prices-uk-cost-of-living/index.html https://edition.cnn.com/2022/02/03/business/energy-prices-uk...
And 9.1% inflation:
https://www.msn.com/en-in/news/other/uk-inflation-rate-hits-new-high-read-these-4-charts/ar-AAYPpPm https://www.msn.com/en-in/news/other/uk-inflation-rate-hits-...
This is true across the world. I'm not sure what your life is like, but it sure as hell doesn't match the lived experience of many.
- benj111 4y agoSo what was your story 2 years ago when energy was cheap and producers were closing down?
- BizarroLand 4y agoWhat was your story on May 18, 1980 when no one was prepared for Mt. St. Helens to explode and people died?