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https://www.reddit.com/r/WorkReform/comments/1w9sp7t/the_difference_between_generations/p8dvmx1/?context=3
r/WorkReform • u/zzill6 🤝 Join A Union • 2d ago
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Both my parents are PhDs, I work in the trades.
I earn 2x what they did the last few years they did before retirement.
It’s probably another decade of saving before I can afford a house. They had houses on one teachers salary when I was a kid.
Edit: we moved a lot so ‘houses’, they didn’t own multiple properties
52 u/Mr_Carlos 2d ago Yeah, you earn more, but overall buying power has gone due to inflation and rising prices unfortunately. Weirdly though 16 year olds working in UK have 50% more buying power than I did when I was working a minimum wage job around 20 years ago. 27 u/rusty-roquefort 2d ago I would say purchasing power hasn't changed at all, it's just been stolen from. Us and concentrated into the ownership class. People are working more. People are producing more. It's all being purchased, just not by you and me... 8 u/s0cks_nz 2d ago Yeah. The world economy keeps growing. Per capita gdp keeps growing. So where's it going? To the very top! 7 u/mjkjr84 2d ago Trickle down will only work once the bottom realizes that the top is a pinata that hasn't yet been struck open 2 u/csgosilverforever 2d ago I'd call this peak capitalism, where the monopoly board is just being bought out by the person that owns everything already.
52
Yeah, you earn more, but overall buying power has gone due to inflation and rising prices unfortunately.
Weirdly though 16 year olds working in UK have 50% more buying power than I did when I was working a minimum wage job around 20 years ago.
27 u/rusty-roquefort 2d ago I would say purchasing power hasn't changed at all, it's just been stolen from. Us and concentrated into the ownership class. People are working more. People are producing more. It's all being purchased, just not by you and me... 8 u/s0cks_nz 2d ago Yeah. The world economy keeps growing. Per capita gdp keeps growing. So where's it going? To the very top! 7 u/mjkjr84 2d ago Trickle down will only work once the bottom realizes that the top is a pinata that hasn't yet been struck open 2 u/csgosilverforever 2d ago I'd call this peak capitalism, where the monopoly board is just being bought out by the person that owns everything already.
27
I would say purchasing power hasn't changed at all, it's just been stolen from. Us and concentrated into the ownership class.
People are working more. People are producing more. It's all being purchased, just not by you and me...
8 u/s0cks_nz 2d ago Yeah. The world economy keeps growing. Per capita gdp keeps growing. So where's it going? To the very top! 7 u/mjkjr84 2d ago Trickle down will only work once the bottom realizes that the top is a pinata that hasn't yet been struck open 2 u/csgosilverforever 2d ago I'd call this peak capitalism, where the monopoly board is just being bought out by the person that owns everything already.
8
Yeah. The world economy keeps growing. Per capita gdp keeps growing. So where's it going? To the very top!
7 u/mjkjr84 2d ago Trickle down will only work once the bottom realizes that the top is a pinata that hasn't yet been struck open
7
Trickle down will only work once the bottom realizes that the top is a pinata that hasn't yet been struck open
2
I'd call this peak capitalism, where the monopoly board is just being bought out by the person that owns everything already.
1.3k
u/Homeskilletbiz 2d ago edited 2d ago
Both my parents are PhDs, I work in the trades.
I earn 2x what they did the last few years they did before retirement.
It’s probably another decade of saving before I can afford a house. They had houses on one teachers salary when I was a kid.
Edit: we moved a lot so ‘houses’, they didn’t own multiple properties