Comment on What even is money at this point

• salacious_coaster@infosec.pub ⁨22⁩ ⁨hours⁩ ago

  Also systematic monopolization of everything by like five companies. With no realistic possibility of price competition, prices will go up until people decide to stop buying things altogether

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  • BanMe@lemmy.world ⁨19⁩ ⁨hours⁩ ago

    People keep making the point that in the worst of the depression, they were giving away tableware to just get people in the stores.

    The CEO of McDonalds is currently lobbying the White House to raise the minimum wage. Saying there’s a “two track economy” and point out stratification. Curious.

    They’re noticing they squeezed us too hard, not just as consumers but as a class. To the point where it’s eating their sales now. So they’ll adjust it just high enough that we keep bleeding for them.

    Breadcrumbs.

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    • Korhaka@sopuli.xyz ⁨18⁩ ⁨hours⁩ ago

      I’ll do my part to reject consumerism. Just don’t buy non essentials unless it helps me spend even less money later. Like the £40 on canning stuff, for a couple gallons of chutney now that cost less than £5 to make and would have been like £50 or so to buy.

      Still got more jars to fill, jam next I think.

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  • theUwUhugger@lemmy.world ⁨21⁩ ⁨hours⁩ ago

    If only those elections weren’t uncontrolled fund raisers…

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• explodicle@sh.itjust.works ⁨9⁩ ⁨hours⁩ ago

  Well yeah, then we would have inflation! /s

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• Skullgrid@lemmy.world ⁨22⁩ ⁨hours⁩ ago

  What’s worse is that the guy that was meant to be in horrid poverty in the christmas carol, earned more, adjusted for inflation, than bernie sander’s proposed 15 bucks an hour…

  let alone the current minimum US wage.

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  • theUwUhugger@lemmy.world ⁨21⁩ ⁨hours⁩ ago

    The consumerist haven in which people no longer can afford to consume…

    No wonder that the first greasy monkey that offers change is put in

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• Aedis@lemmy.world ⁨20⁩ ⁨hours⁩ ago

  And the poverty line hasn’t been adjusted since the 60’s iirc. No president wants to be the one that tells everyone we have so much more poverty now!

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  • Sarcasmo220@lemmy.ml ⁨17⁩ ⁨hours⁩ ago

    From what I read at the link below that doesn’t seem to be the case. They took a baseline of the poverty threshold in 1978 and adjusted for inflation every year. However that line seems to have been set suspiciously low to begin with.

    aspe.hhs.gov/topics/…/poverty-guidelines

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    • Aedis@lemmy.world ⁨15⁩ ⁨hours⁩ ago

      Those are some ridiculously low numbers… So to be considered in poverty, you have to earn less than 26k jointly for a household of 3. I don’t think you’d have a house for a household at all at that amount. Barely. Making ends meet with just food, actually you’re probably going hungry every other day at that amount.

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• prole@lemmy.blahaj.zone ⁨18⁩ ⁨hours⁩ ago

  And it was only raised by like 15 cents or some shit

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