3 ms·

What a way to make something good (stock market is up) into something bad.

• o11c 2y ago
  "Stock market is up" is bad for most people. It means the effort they put into producing something didn't get paid to them, instead it got captured by a parasite. [this does not apply if wages increase proportionally, but they never do] Now yes, if there is a real productivity boom that can be good both for people and the stock market, but otherwise they are uncorrelated.
  • fsckboy 2y ago
    that's not what "stock market is up" means. It means that expectations for the future have improved, and they improve for everybody, more work, higher paid work, more job security, etc.
    • o11c 2y ago
      That would be great if the "higher paid work" actually materialized in proportion to the shareholder value.
      • fsckboy 2y ago
        that will make sense when wages go down when the stock market goes down. the price of equities going up is the reward for putting your money at risk.
        • dpc050505 2y ago
          What risk? The markets have only averaged up for the last 150 years and crisis situations lead to bail outs (2008, covid).