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Ever since the dawn of 'trickle down economics', wealth has only continued to be distributed upwards and is becoming increasingly concentrated at the top. This
by ljm 3y ago
Ever since the dawn of 'trickle down economics', wealth has only continued to be distributed upwards and is becoming increasingly concentrated at the top.
This is because the cost of everything except labour has increased, forcing many to try and do more with less. It is completely and utterly unsustainable and I doubt anybody young will ever experience the kind of prosperity that came after WW2.
You can't even rely on getting a decent white collar job and climbing up the ladder any more - loyalty is expected from an employer but no longer offered in return.
- ponector 3y agoThat is not true. Cost of everything except housing in high demand cities decreased dramatically during latest few decades. Calculate how many hours should average Joe work to buy 100 gallons of gasoline, to buy a fridge, to buy 100 kg of chicken breast now vs then.
- xboxnolifes 3y agoWell, cost of everything except housing, medical, education, and transportation. Great that chicken breasts are still cheap I guess. Housing outside of cities has also risen considerably.