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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
by 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 agoThat would be great if the "higher paid work" actually materialized in proportion to the shareholder value.
- fsckboy 2y agothat 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 agoWhat risk? The markets have only averaged up for the last 150 years and crisis situations lead to bail outs (2008, covid).