Comment on Alphabet selling very rare 100-year bonds to help fund AI investment
vacuumflower@lemmy.sdf.org 23 hours agoA minimum wage job, 1 minimum wage job, paid for a family in 1950. Bought a house, a cheap car, doctors, dentists, optometrists, other professional services people can’t do themselves, even able to go out to eat for a burger.
Yes, in 1950, damn right. Now do 1930.
by the 1980’s it was undeniably true that wages no longer paid for what they did
Still better than 1930.
but there is no future going further up, come straight back and join us in the sunshine brother!
I dunno, there might not be any sunshine stored for me, but it’s still not 1930.
hector@lemmy.today 23 hours ago
What is your point? Mine is in the post war years we achieved the most prosperous working class the world has ever known, and the most progressive taxation which had no small part in that, and in the ensuing decades brought reason and justice even more to the economy, on a scale unprecedented before that, and the rest of the western world followed.
That in 1971 that all changed and they’ve taken that all away piece by piece in an organized campaign(s). So what are you even talking about?
vacuumflower@lemmy.sdf.org 4 hours ago
I’m talking about this not being great depression levels.
unpossum@sh.itjust.works 22 hours ago
Mostly for white people, and mostly because the US had built out an enormous industrial base to win WWII, and also was in the unique position of not having been destroyed by the war.
hector@lemmy.today 22 hours ago
Which is the typical ad hominem to respond to the unanswerable charge that the rich have taken our middle class lifestyle and replaced it with poverty, reduced even the wealthy to just getting by status. Use emotional arguments, and slander, to obscure the issue.
The one here, that because injustice existed it doesn’t count that we all had a higher standard of living that the rich took away from us, doesn’t make any sense though does it?
Explain to me, how it negates recognizing the rich have taken from working people, because society wasn’t egalitarian when working people extracted the highest standard of living ever?
unpossum@sh.itjust.works 19 hours ago
…I don’t understand your comment, I think. Is pointing out historical facts ad hominem? My (small) point was that I’m not certain that the sudden prosperity that some workers in the US enjoyed was entirely sustainable. That said, the development since the seventies or so has definitely gone hard in the other direction. I’m not competent to comment on the causes, but successful deunionization, destruction of the educational system, and overseas outsourcing of everything productive are probably in there somewhere.