Comment on [deleted]
FaeDrifter@midwest.social 10 months agoWorking people are getting poorer, wealthy people are getting richer.
Giving people jobs is just a way to suck up more money from the economy.
Comment on [deleted]
FaeDrifter@midwest.social 10 months agoWorking people are getting poorer, wealthy people are getting richer.
Giving people jobs is just a way to suck up more money from the economy.
huge_clock@lemmy.world 10 months ago
The long-term trend is that the average person’s income is rising but we’ve seen recent declines due to high inflation. Can you expand on your line of thinking? I’m not sure I follow your reasoning.
FaeDrifter@midwest.social 10 months ago
First of all, that graph you showed is not average persons income like you claim. Your graph is average household income, and the average number of persons working per household is increasing, and the average number of jobs per person is increasing. So yes, where a household might have had one income previously, it may now have two income earners working two jobs each. I don’t know who needs to hear this, but four jobs bringing in more income than one job is not a flex.
Second, inflation is a poor metric, because necessities like rent far outpace inflation.
What is my line of reasoning? Wealth inequality is straight up increasing. The rich are getting richer. The poor are getting poorer. Do you think it’s the rich who have engineered this, or the poor? I’ll let you decide.
huge_clock@lemmy.world 10 months ago
Curious why you made the distinction about real personal income when it is also rising. I agree wealth inequality is rising but not that it is coming at the expense of real personal incomes.
FaeDrifter@midwest.social 10 months ago
What do you think this graph that you’re linking to represents?