57
submitted 6 months ago by return2ozma@lemmy.world to c/news@lemmy.world
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[-] givesomefucks@lemmy.world 94 points 6 months ago

Tldr:

  1. Author doesn't understand "the economy" is just about corporate profits

  2. Wages are (slightly) up, but not enough to afford food and housing.

  3. Author looks at mean instead of median retirement savings and say everything is great.

If you're wondering why she has such bad takes, she's a self described "crypto reporter" who was trying to convince us inflation was a good thing a while ago.

https://www.cnn.com/2021/12/01/economy/inflation-good-bad-winners-losers/index.html

She's completely detached from reality

[-] NOT_RICK@lemmy.world 30 points 6 months ago

Her name is Allison Morrow if anyone is curious but doesn’t want to give her clicks

[-] MyOneEyedWilly@real.lemmy.fan 19 points 6 months ago

I appreciate the summary and the warning about the reporter. I had a feeling, but confirmation helps. 👍

[-] Dagwood222@lemm.ee 38 points 6 months ago

Read Hunter Thompson's book "Hell's Angels." There's a section where he breaks down the economics of being a biker/hippie/artist circa 1970. An Angel could get a job as a Union stevedore and earn enough in six months to live on the road for two years. A part time waitress could support herself and her boyfriend.

[-] cmbabul@lemmy.world 6 points 6 months ago

The Good Doctor is the only person who died before the shitshow we find ourselves in today both politically and economically whose opinions on it I really want to hear. In football terms he and his writings always had incredible down the field vision in part because he had such a firm grasp on the cultural flows of the present and the national temperature of the US people.

[-] Dagwood222@lemm.ee 2 points 6 months ago

Now I have to dig out "...On The Campaign Trail" and reread the part where he writes about talking football with Nixon.

A lot of people told me that I should watch the series "The Deuce" with Maggie Gyllenhaal. I stopped watching ten minutes into the first episode because they had a pimp recite some of Thompson's wisdom as if the writers had come up with it on their own.

[-] cmbabul@lemmy.world 2 points 6 months ago

Hunter’s influence is everywhere but it is infuriating when someone tries to claim some sort of brilliance he wrote down 50 years ago. I need to read hells angels again it’s been a decade at this point but it will have to wait until I both start and finish the illuminatist tirlogy. I read his 9/11 article regularly just to get a fix for his particular voice and perspective

[-] tsonfeir@lemm.ee 35 points 6 months ago

Golden job market? Tha fuck?

[-] billiam0202@lemmy.world 42 points 6 months ago

My dude, there are hundreds of jobs available that have no benefits, no security, no retirement investment, no advancement, no personal satisfaction, and don't pay enough to live on. Gen Z should be thrilled at such a golden (shower) of opportunity!

[-] Kbin_space_program@kbin.social 9 points 6 months ago

Well they inherited a market that was golden for the Boomers and GenX

Sadly, those two groups, instead of continuing to fight for workers rights like generations before them, grandfathered their rights into contracts in exchange for sacrificing our rights.

[-] FlyingSquid@lemmy.world 30 points 6 months ago

Having a job doesn't mean you can afford to live. Ask anyone who has been on minimum wage for the past 50+ years.

[-] jordanlund@lemmy.world 2 points 6 months ago

If you've been on minimum wage for 50 years, you're doing something wrong.

[-] Fredselfish@lemmy.world 18 points 6 months ago

Be born in a small town hours away from anywhere. All the jobs in your town pay minimum wage. Remember you have no public transportation and no support. Now crawl out of that.

[-] FlyingSquid@lemmy.world 10 points 6 months ago* (last edited 6 months ago)

Poverty is something very difficult to claw your way out of.

Although I meant 'over' rather than 'for.'

[-] Maggoty@lemmy.world 9 points 6 months ago

There's not enough higher level jobs. Someone will work minimum wage their entire life. They deserve to be treated humanely.

this post was submitted on 10 Apr 2024
57 points (100.0% liked)

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