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I mean this is the K-shaped economy. A swath of workers + capital owners with infinite leverage, and another swath of workers still simply exchanging 1 hour of
by pj_mukh 5mo ago
I mean this is the K-shaped economy. A swath of workers + capital owners with infinite leverage, and another swath of workers still simply exchanging 1 hour of labor, for an hour of results with very little rent to be extracted. The lucky ones have union protection (with its own problems), but the rest are just this lady writ large.
- senordevnyc 5mo agoHasn’t it always been this way though? Hollywood has long been the canonical example of how a tiny fraction get rich and famous, and everyone else is waiting tables while they hope for the big break that never comes. And further, isn’t the evidence that low income workers have seen their real wages rise over the last few years?
- mixmastamyk 5mo agoNot actors but there was a class of craftspeople that made a good California living doing things from costumes to vfx. Then jobs moved first to Albuquerque then overseas.