- cross-posted to:
- iwwunion@lemmy.ml
- unions@sh.itjust.works
- cross-posted to:
- iwwunion@lemmy.ml
- unions@sh.itjust.works
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Well since 1974 the median wage has lost to inflation by about 130 percentage points. That’s inflation increasing more than wages by a few points every year.
So if all the prices go up while wages stagnate I’d have to say we all decided to just let the wealthy fuck us over. Better poor than union I guess.
The girls seem to be waving to the neighbor down the street…
She’s waving to her daddy, the milkman.
Homes have increased their size by 300%+ since 1950 and the cost per square foot has remained relatively constant. We simply don’t build enough smaller homes - they only exist on fringe and in urban centers where there the property costs increase the overall cost.
Edit: Also our overreliance on cars has only skyrocketed. More cars per household, more miles driven. When you are required to spend 20-30% of your income on a vehicle, homeownership gets harder.
There are zero starter homes near the city where I live. None. Any homes that would have traditionally been starter homes - 1 or 2 bedrooms, small size, 1 bathroom - are all in desirable, heavily gentrified areas, and cost almost a million dollars. Coincidentally, all of those homes were built in the 50’s and 60’s when homes were affordable. Anything new that they build is an enormous box with no land, marketed as a mansionette, or a luxury condo (aka small box with no windows and shared walls). You have to move at least 45 minutes outside of the city to get under a half million dollars.
Those family’s children grew up to be greedy assholes. That’s what happened.
Deregulation of markets and industries and weakening of social programs. Overall making the power of large corporations and a small number of wealthy people way more than the power of huge numbers of average people.
All completely supported and promoted by the people who benefited from the opposite.
It’s funny how we’re both talking about the same generation of privileged children who grew up to be greedy assholes. If you can’t see it then you are probably one of them.
It sounds like you’re making an angry accusation about me, but I was definitely agreeing with you, so I don’t understand why.
I may have misunderstood. It had initially seemed to me that you were sideways defending the boomers. I apologize.
It’s not just unions and real wages going down. This is essentially the entire question that caused Elizabeth Warren and her daughter to write The Two Income Trap. It’s a wonderful book written by two very accomplished students of American personal finance and bankruptcy. The truth is much more insidious than just being caused by a drop in per capita union membership.
Why is he opening the passenger side door? Is he giving a ride to his invisible pal?
Carpooling maybe.
“Why are you waving goodbye, sweetie? You know daddy’s too big to fit down that mine shaft. Come on. I’ll be right in the manager’s office if you need me.”
Greed, greed happened
Sure thing. A generation of people decided that they got theirs and pulled up the ladder behind them. Worse: that same generation screwed itself over since Boomers are the population most likely to enter into homelessness and people 75+ are the most likely to enter the job market now.
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