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More money in the system drives inequality if fundamental necessities like shelter supply remain artificially choked by people with even more money as they simp
by brailsafe 3y ago
More money in the system drives inequality if fundamental necessities like shelter supply remain artificially choked by people with even more money as they simply buy up and out-bid as much as possible. If that weren't the case, I'd agree. Even as I a software person gradually make more money when I'm not in a perpetual cycle of working and being laid off, a tiny condo already being out of reach is only going to get dramatically more out of reach if salaries rise while most of an arbitrary city's development rate is beleaguered by boomers, arduous bureaucracy, investors, and people with their boomer parent's money willing to spend it, knowing it'll always increase.
Not that people shouldn't fight to be paid more, just that it has limited effect unless you happen to get paid significantly more than everyone else compared to what things cost now, and hope that continues forever.