Most stuff in the West, including businesses, is owned by kinda rich but mostly ordinary people - the 9% after the 1%. Furthermore, people have always tried to make money, and while big businesses are a lot more efficient at it today margins are much lower to compensate. There’s no self-contained club getting a free lunch here at the public’s expense, which is what OP was implying.
A few things have gotten more expensive relative to wages. Some things are actually less expensive (clothes are a minor expense post-globalisation, a basic TV costs less than a really nice meal), other things are kinda the same. The real trend has been the split between well paying jobs (like most of Lemmy has) and poorly paying jobs widening; the rest is “everything used to be better”, which people are recorded saying all the way back through Socratese.
One quote vs. a bunch of hard statistics, sources available on request.
It’s not even a quote that contradicts what I said, when put in context, where it was about tax policy. Warren buffet is well aware of the gradualness of the wealth gap, and that there’s no free lunch for corporations. His whole investment philosophy is built on the latter fact.
CanadaPlus@lemmy.sdf.org 6 months ago
Well, since you’re not OP.
Most stuff in the West, including businesses, is owned by kinda rich but mostly ordinary people - the 9% after the 1%. Furthermore, people have always tried to make money, and while big businesses are a lot more efficient at it today margins are much lower to compensate. There’s no self-contained club getting a free lunch here at the public’s expense, which is what OP was implying.
A few things have gotten more expensive relative to wages. Some things are actually less expensive (clothes are a minor expense post-globalisation, a basic TV costs less than a really nice meal), other things are kinda the same. The real trend has been the split between well paying jobs (like most of Lemmy has) and poorly paying jobs widening; the rest is “everything used to be better”, which people are recorded saying all the way back through Socratese.
DragonTypeWyvern@midwest.social 6 months ago
“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.”- Warren Buffet, 2006.
Figure it out lmao
CanadaPlus@lemmy.sdf.org 6 months ago
One quote vs. a bunch of hard statistics, sources available on request.
It’s not even a quote that contradicts what I said, when put in context, where it was about tax policy. Warren buffet is well aware of the gradualness of the wealth gap, and that there’s no free lunch for corporations. His whole investment philosophy is built on the latter fact.
DragonTypeWyvern@midwest.social 6 months ago
“One quote”
🤡