3 ms·
Agreed. Feels like we are experiencing a "wealth dilation" effect; I have been able to greatly exceed the earnings potential of my parents, and yet the gulf bet
by Moissanite 4y ago
Agreed. Feels like we are experiencing a "wealth dilation" effect; I have been able to greatly exceed the earnings potential of my parents, and yet the gulf between me and the executives I work for is unimaginably larger than it was for earlier generations - and still widening.
I spend a lot of time thinking about how this might be solved - getting rid of complex financial instruments and derivatives, making employee ownership mandatory or at least highly incentivized, banning digital advertising... I have to stop myself because of course none of it can happen; the people in power would never allow a change which dilutes their advantage. So, instead of trying to better my situation, I am stuck looking for ways to decouple myself from the world of work as much as possible. Quiet quitting and early retirement is about the best I can hope for right now.