4 ms·
The 8% growth isn’t unreasonable but if we aren’t matching it over the long term with similar salary growth for a large portion of the population it becomes a
by bogota 4y ago
The 8% growth isn’t unreasonable but if we aren’t matching it over the long term with similar salary growth for a large portion of the population it becomes a problem. Since salary normally only grows at 2% for most people in another 10 years we are in a situation where almost no one can afford a house who isn’t getting help from their parents.
The middle class has seemingly vanished and I don’t think that is good for society
- conductr 4y agoMy baseless feeling is that the middle class that is present is not keeping up with inflation right now. Even those that bought a house say 10 years ago and got decent 'value'. I think salary growth is happening at the bottom. That's where the labor shortage is huge. People just won't work for $12/hr in my area like they did in 2019. They'd want $18 now. And you have to pay if you own a business that employees this income bracket of employee's. And, they're not happy about pretty much anything. r/antiwork is a place you see a lot of this sentiment. People in the middle. They haven't quite received that 50% raise the so now they're effectively much closer to the bag boy at the grocery store purchasing power. Yes, it's pretty awful for society and just getting started. It is demotivating and my thought is it's probably a contributing factor to why productivity is down.