Comment on Panic! on the trade floor

• BakerBagel@midwest.social ⁨1⁩ ⁨week⁩ ago

  Replacing salaried desk jobs with hourly wages and no pay increase isn’t exactly employment growth. If everything recovered just fine, why are millennials miles behind where their parents were at a similar age? Homeownership has been steadily declining, savings accounts have steadily been dwindling, and the rate of Americans living paycheck to paycheck has only gone up in the past 20 years. That’s not a recovery, it’s an adaptation to a new normal.

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  • theUwUhugger@lemmy.world ⁨1⁩ ⁨week⁩ ago

    Pls don’t be a tittertale cuck and look up what a financial crisis is! Neither the housing crisis, nor minimal wage not following inflation necessarily continuated, nor possibly exacerbated by a financial crisis

    Also while your ever tiny world is only compromised of the us, in the rest of the world the housing crisis is not nearly as severe and their living standards are either stagnating or increasing with very-very few exceptions

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    • BakerBagel@midwest.social ⁨1⁩ ⁨week⁩ ago

      Europe is in the midst of a massive housing crisis.

      Canada has possibly the worst housing crisis in the developed world

      Korean homes are 3x as much in the major cities as smaller rural cities.

      Housing has been consuming a larger and larger chunk of people’s incomes for the past 15 years. That’s a cost of living crisis. Because the 2008 crash allowed the wealthy to pick up all the pieces and restart the game using the exact same rules. Nothing changed, nothing improved, neoiberals just painted over the foundational cracks of our society and said everything is fine now. The finacialization of every aspect of our lives has only become more extreme, so i would definitely say the 2008 crisis was never actually solved.

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      • theUwUhugger@lemmy.world ⁨1⁩ ⁨week⁩ ago

        …did you actually read your sources? -Your source about that you titled ‘Europe having a massive housing crisis’ exclusively talks about barcelona and 2/3 of the article is about what they are doing ag it? -Your source about Canada does not state anywhere what you wrote in no misunderstable increments. It only explains its source and what they are doing againts it -So… your third country that you brought up doesn’t have a housing crisis but a major development diff between its urban and rural areas… ok? You are becoming more and more convincing by the second!

        Very nice goal post shifting too! I guess you googled what a financial crisis is? I only had to ask you 3 or so times? So as I stated in my first comment to you: the financial crisis of 2008 ended in 2009, regardless of (as I stated in every single comment to you) of what other issues it started/enchanced/continuated; the FINANCIAL CRISIS of 2008 ended

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