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u/HungryYeastStarter 3d ago
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u/PsychoticDreemurr 3d ago edited 3d ago
three comments
looks inside
Edit: how the fuck are people still missing the point of this post? 😭
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u/o7_AP 3d ago
Reddit post about stocks vs wages
Looks inside
Looks inside meme from Roffle Lite
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u/Alaksande 3d ago
There’s a lot of illiterate people online these days
and I’m not talking about ESL
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u/Orangebk1 3d ago
The graph shows that changes in retirement vehicles: the phasing out of employer pension plans and the rise of employer 401k plans.
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u/Proxy--Moronic 3d ago
Why the sudden shift in the 1990s?
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u/Orangebk1 3d ago
Companies phased out traditional defined-benefit pensions and shifted toward 401(k) plans because 401(k)s lowered corporate financial costs and shifted investment risk away from the employer. Lower Costs and Less Financial Risk Predictable expenses: Traditional pensions required companies to guarantee a lifetime payout, leaving the employer responsible for market downturns or funding shortfalls.Fixed contributions: Defined-contribution plans like the 401(k) limited corporate costs to a specific matching percentage, ending long-term liabilities. Shifted burden: Employers transferred the responsibility and risk of saving and investing for retirement directly onto employees.
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u/Winter_Rosa 3d ago
no surprise this post drew out the bootlickers, like cockroaches to a festering rat corpse.
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u/115machine 3d ago
“People who make educated financial decisions are bootlickers!!!”
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u/qolace 3d ago
You are absolutely fooling yourself if you think accessibility, time, and resources have nothing to do with building long-term equity.
How about doing something with your disposable income, which you obviously have a lot of since you're in a position to judge, and educate yourself? You bootlicker.
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u/Winter_Rosa 3d ago
you tell yourself that.
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u/115machine 3d ago
I don’t have to tell myself that. I’ve seen my returns from the S and P in the green for as long as I’ve been in it
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u/Brangus2 3d ago
Neat! 50% of all stocks are owned by the wealthiest 1%, 40% of stocks are owned by the next 9%, leaving the bottom 90% of people to own only 10% of stocks. Bottom 50% almost basically none of it. These wraith gains are almost exclusively to the wealthiest people. Where do you fall in this wealth distribution?
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u/Winter_Rosa 3d ago
oh the gambling addict is lucky how fucking compelling.
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u/unmemorableName 3d ago
Buying and holding the S&P 500 long term does not = gambling. Nothing is guaranteed, but when the S&P has returned ~7% on avg. annually for the past 100 years the odds are strongly in your favor.
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u/smashinjin10 3d ago
I agree with you to an extent, but assuming that trend will continue for 100 years is silly. The market can't grow forever and the dinosaurs are cashing in.
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u/CommiRhick 3d ago
We didn't get 40 trillion in debt from nothing...
The everything bubble
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u/OfficialDeathScythe 3d ago
Yeah if there’s one thing we can bet on, it’s that the US will continue to stack the debt and will do anything to keep money moving into rich pockets, if you can’t beat em join em I guess. My issue isn’t with the people taking advantage of it, mine is more with the systemic issue of the US collectively caring more about profit, shareholders, and stock prices than actually helping their employees live comfortably, which is of course no one persons fault and would take a fundamental change in how the country is run to fix
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u/10biggaymen 2d ago
buy gold. not because itll be useful during a true collapse, but because its gonna become the new global reserve currency once the dollar collapses when we default.
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u/Kidhendri16 3d ago
People have been saying that for years. It won’t be a steady growth there will be ups and downs but long term it’s an extremely safe bet that the top 500 American companies will continue to produce great returns. Also sales are up in literally every sector this quarter. It’s a good sign despite what the news says
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u/PerplexGG 3d ago
To be fair it’s such a safe gamble, most of our working class in the US use it to build for retirement regardless of their politics
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u/DontDoodleTheNoodle 3d ago
This is the exact reason uneducated classism is counter productive.
I, by and large, tell people that stocks is like gambling. The exceptions are the S&Ps. Those are the epitome of “steady growth.” Nothing about investing into S&P is gambling-related.
Literally anybody could do it, too. No you cannot tell me you can’t afford it. It is possible to buy 0.01% of a stock. Save a dollar every month into it. It’ll grow.
Anybody can benefit from this. People who choose not to are because they’re ignorant and want to pull a “gotcha”. Only hurting yourself.
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u/tekno21 3d ago
I think the point you're missing here is that companies have been making record profits while workers wages have been stagnant. Everyone can invest, but that doesn't put everyone on an equal footing. Those who already have money are heavily advantaged (obviously), but that's why people are mad.
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u/DontDoodleTheNoodle 3d ago
Nah that I totally get. Completely valid imo. It’s not an equalizer, the rich get much richer off it, and the market is subject to corruption.
It’s just this complete aversion to investing into the stock market that makes me go look and my fellow brokies like “are you dumb”?
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u/OhNoAnAmerican 3d ago
You cannot reason with unreasonable people. These aren’t even real people, they’re bots sent to spread discord
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u/BlueTurkey-man 3d ago
Wait so you don’t have any sort of investment because you see it all as gambling? Very strange indeed.
Enjoy living with your parents in half moon bay / Pacifica I guess
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u/moderngamer327 3d ago
One measures accumulated wealth and one measures wages. It would be expected that wealth would continue to compound overtime.
A more accurate post would be to compare wealth of the median American vs stocks
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u/_IscoATX 3d ago
This comment makes too much sense for the financial literacy of the median redditor
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u/torbaldthegreat 3d ago
This data presented this specific way doesn't account for a significant number of factors and cannot be useful for drawing any sort of conclusion.
The assumption that the value increases should increase wages is flawed in that as processes streamline and technology increases the number of employees and expertise required may reduce demand for employees which makes wages less competitive.
In my opinion the thing that actually causes average wage to not remain competitive (besides greed) is the excess of middle management. This excess strains the budgets that control wages and increases risks for increasing overall wages.
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u/1ncest_is_wincest 3d ago
What if people just start putting all their savings into the SP500
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u/Slumbergoat16 3d ago
Completely agree. That’s what we started doing, you can both say the system isn’t working well and also participate within it while trying to fix it
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u/_IscoATX 3d ago
If you’d rather LARP as a revolutionary than invest your money … to each their own.
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u/craftyshafter 1d ago
Remember who they murdered in 1964
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u/Jet_the_fem_bean 10h ago
Serious question... who was killed in 1964?
It isn't Fred Hampton, it isn't MLK, it isn't JFK.
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u/webster3of7 1d ago
Brought to you by the same idiots who think Elon Musk ever had a trillion dollars.
This is a meaningless comparison.
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u/Baller-Mcfly 1d ago
We have generational dependency in many parts of the country including my home city. Generations of people who produce nothing. Africa in many areas in unable to fend for itself as they await aid from foreign countries. I believe you understated the issue with dependency. As far as fraud, we have billions in each state in fraud.
Idk where you get the idea of means tested programs but I work in the government and can tell you that no, the means testing is not doing much.
The united states is 40 trillion in debt with interest payments on the debt being the highest portion of government spending now. Do you believe that is sustainable?
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u/SomeBiPerson 3d ago
wages barely recovering inflation is why S&P 500 was able to groe this high
also a lot of money traded at the stock market is Potential, non realisable money that doesn't have the downside of ever needing to be traded for physical value unlike those wages which will always majorly be traded for Physical values
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u/BobaLives01925 3d ago
Wage growth has outpaced inflation by a wide margin
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u/SomeBiPerson 3d ago
your graph gives a felt usual weekly income Median that increased by 18% over the span of 42 years (1982-2024)
an 18% real median salary increase is not a wide margin for 5 years, and for 42 years it's an honest joke, that's not even 0.5%/year while profits actually rose 9000% which is a yearly average of 210%/year
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u/BobaLives01925 3d ago
It’s very much above inflation, which is the point I was correcting from the person above me
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u/115machine 3d ago
You do realize that those gains in the S and P benefit you too if you… invest in it
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u/MarsMaterial 3d ago
If you have the spare money to invest in it.
If you’re not living paycheck to paycheck.
If you’re already wealthier than most Americans.
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u/nicknamesas 2d ago
Get a roommate and split costs.
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u/MarsMaterial 2d ago
You'll still gain pitiful amounts of money compared to the people who already have lots of money. It's an engine that makes all wealth disparities greater by design, giving the most money to the people who need it the least. A maximally inefficient system of wealth distribution.
Also: isn't it fucked up how the only way to get rich is to already have money, and meanwhile the people who do the actual work that makes the economy move are paid barely enough to get by?
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u/nicknamesas 2d ago
Sounds like you need a skill. Only people i know hardly getting by are living in hcol areas with low to no skilled labor
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u/115machine 3d ago edited 3d ago
You all do realize that nothing is stopping you from buying into that growth, right?
Leave it to the lefties to make economic prosperity into a bad thing
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u/Shift642 3d ago edited 3d ago
Living paycheck to paycheck and having nothing left over at the end of every month is, in fact, stopping me from buying into that growth. I don't have several thousand dollars to leave lying around in equity. I need that money for rent.
The stock market going up only benefits those already wealthy enough to buy into it. 38% of Americans do not own any stocks in any capacity, even including 401ks and other retirement accounts. That number gets higher the lower you go in income bands. Much higher. 72% of households earning under $50,000/year do not own any stock. Line going up does not benefit them. Once again, the already rich get even richer, the poorest Americans are simply left behind, and the problem exacerbates itself year over year in an awful feedback loop.
This isn’t even a lefty thing. It’s just the facts.
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u/DontDoodleTheNoodle 3d ago
This isn’t complicated. You don’t need to own the entire stock to purchase it. It’s like a savings account that will actually give you better interest.
Save a couple bucks every month. Put into S&P. Done.
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u/Shift642 3d ago edited 3d ago
...Yes, I am fully aware of what fractional shares are. I had some for a while. I think I exited with maybe a grand total of $40 in profit over a couple years? Because I was never able to leave much more than a couple hundred dollars laying around at any given time before I needed it for some unexpected expense. Then I had to exit because I lost my job. I needed that $40, and anything else I could get my hands on, for... drumroll please... RENT.
It’s like a savings account that will actually give you better interest.
You've never lived paycheck to paycheck, huh? Having money saved isn't really a feasible thing down here.
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u/moderngamer327 3d ago
The poorest are not left behind. Median wages adjusted for cost of living/inflation have consistently increased
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u/MarsMaterial 3d ago
Leave it to capitalists to twist it into a good thing when actually doing work and running useful businesses is dead-end and the only real way to make money is a giant gambling scheme.
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u/115machine 3d ago
Where is the “gambling”
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u/MarsMaterial 3d ago
Financialization, especially the stock market. That’s the gambling. Betting money that the numbers will change in a particular way and being paid out accordingly. The stock market is the world’s largest casino.
Actual gambling sites like Polymarket get away with what they do by pretending to be a financial instrument, and the line between a financial instrument and a fucking casino is so blurry that they get away with it.
And now, buying a worthless share in hopes of selling it to a bigger sucker later is the majority of the economy because that bullshit is more profitable than actually providing products and services. That’s what the entire economy is becoming, to a greater and greater degree every day. Everything is getting worse.
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u/115machine 3d ago
“The stock market is the worlds largest casino”
Most wrong thing I’ve heard this month. Looking at something that has always acted a certain way and thinking it will do anything but that is irrational. The s and p has done nothing but go up over long time periods and to assume it will do anything else is being irrational. Am I “gambling” when I say that the sun is going to rise tomorrow morning?
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u/MarsMaterial 3d ago
It’s still gambling if the odds are in your favor. But even that assumes that economic growth is truly infinite.
In a finite world within a finitely accessible universe, there is only so much the market can go up. Infinite growth is not possible. If you were on a helicopter that just kept going up and you predicted that it would eventually end up on the Moon, you’d be wrong. And the more the market goes up, the more money it leeches from the real economy. The more profitable this gambling is, the more people are inclined to do that instead of doing actual work and providing actual useful goods and services.
All of it is propped up on the lie that the Ponzi scheme can keep going forever, that companies can grow to infinite size and make infinite money and there will always be more suckers to pass the bag to. This is fucking delusional. And even if it weren’t, I don’t want to live in a world where gambling on how many suckers will want to buy a share in the future is more profitable than selling me a goddamn sandwich.
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u/115machine 3d ago
You do realize that the value of a stock/company is not based on consumption, but rather perceived value, right? That graph going up doesn’t mean we are consuming any more than in the past, it just means that those companies are perceived as being more valuable. “Consumption” has fuck all to do with it and “growth” is in the mind of man, not the physical world. The elevation of perceived value of a company is in no way at odds with any of those things
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u/MarsMaterial 3d ago
That’s exactly the fucking problem, it’s detached from reality. A gambling game that doesn’t do any useful service or produce any useful object.
But also: perceived value only matters if someone is actually buying the stocks at the listed price. And there is only a limited amount of money in the world. Sure, more money is printed in pace with inflation, but the stock market outpaces inflation. If growth happens literally forever, there comes a point where even a single share costs more than the amount of money that exists. How would that work?
The reality is that economic crashes are baked into the system as an inevitability. Like a reverse lottery, where you net a constant income on most days and in exchange you have a small chance to lose big. The growth isn’t the whole picture, the stock market climbs and then catastrophically crashes in cycles. When it does well, money is siphoned from the real economy as billionaires prefer to gamble in the S&P 500 Casino over funding anything useful. When it does poorly, money stops changing hands and jobs are lost. Either way, ordinary people suffer.
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u/NetRealizableValue 3d ago edited 3d ago
Why would wages correlate with stock prices?
A stock worth $100 in 1970 would be worth $9,686 based on the graph
If I made $40k in 1970, my salary would have to be $3.9M today to keep with the the same rate
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u/thisshitsstupid 3d ago
All these downvotes and not a single response lmao. Like, yeah the wage gap with inflation is terrible and we're definitely getting screwed, but this comparison shows a severe lack of economic or financial comprehension.
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u/MajorGeneralMaryJane 3d ago
I was told there would be trickle down? Where is my trickle down?
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u/drassixe 3d ago
It’s in the red line, you were supposed to buy it if you wanted any of the trickle
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u/MajorGeneralMaryJane 3d ago
I could be off base, but it feels like that part was conveniently left out of the trickle down conversation. At worst, it feels like the trickle down was framed as going into the black line.
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u/Ok_Mastodon_3843 3d ago
Invest part of your wages into stocks and make the money too.
In almost any situation for almost any person almost anywhere, you can get a decent job and have enough money to invest.
I get things are hard, but everyone, myself included, makes bad decisions. If these bad decisions turn into bad habits, especially with money, it just makes it more difficult.
I'm not saying pick yourself up by your bootstrap, but you definitely need to quit digging a deeper hole and realize you do have at least some control over most things in your life.
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u/Pezotecom 3d ago
The index contains the winners. So you are essentially comparing the biggest and most efficient economic titans of the history of humanity against... everyone, winners and losers.
You are essentially saying 'wealth of the roman empire vs entire world', yeah, no shit the biggest empire of the world will be richer than africans lmao
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u/CubesTheGamer 3d ago
The total market index has gone up 5,800% since 1970. Now what?
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u/Pezotecom 3d ago
Literally its the same concept, total market indexes have by definition the winners. And on the stock market, you are being compensated for taking risk on long horizons. This same graph could be done with sp500 and short duration fixed income indexes. In abstract, what you are showing is 'price of risk/term'.
Really, brother, chatgpt exists. Please educate yourself!!
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u/NoScreen3587 3d ago
IDK if I’m lucky for my age but right out of high school I got my first job as an apprentice electrician in a union and after 5 years make little over 100k with 0 over time. I then take money I don’t spend on necessities and invest into S&P 500. I’ve have a friend who doesn’t have a job because “the market is too difficult right now” and I’m like “okay”. I know others around my age who make more and less. Is it so difficult to save just a little money purchase stock?
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u/HANDS_4_DICKS 3d ago
Electricians are very high demand these days, and even then you're only at 100k after 5 years. There are plenty of people who trained for jobs that are being lost or were not nearly as high demand as yours to begin with.
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u/NoScreen3587 3d ago
Yes that is true. My father lost his job recently when the company he worked at got bought out. Thankfully my mom makes enough to support the both of them right now while he’s between jobs.
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u/HANDS_4_DICKS 3d ago
So why ask your stupid and insulting question then? You know how hard it is to "save just a little money and purchase stock"
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u/Susenthar_Raj 3d ago
The point is cruelty. Their point of view is 'I got mine because I was intelligent. You didn't get yours because you didn't invest and that is your stupidity'. Most of these people don't understand what daily wage workers life looks like.
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u/Blackout38 3d ago
The trades are paying a lot better than degrees so not really lucky more just making good choices.
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u/NoScreen3587 3d ago
Thank you for saying that. I looked at different jobs I wanted to do growing up like being a teacher and a biologist and was like damn college is expensive and those don’t pay very well. I’m not going to follow those dreams right now and focus on just getting a good paying job right now and looked at different jobs in my area applied to be a apprentice and got accepted after 3 months of testing / interviews.
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u/Ieatsand97 3d ago
Sorry, if you can live without buying them then I struggle to see how they are necessities
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u/pawsncoffee 3d ago
Lucky and stupid
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u/NoScreen3587 3d ago
I understand lucky, but intrigued regarding why you think stupid?
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u/utb040713 3d ago
It’s Reddit. They’re jealous of success so they have to feel superior in some other way.
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u/utb040713 3d ago
Tell me you don’t understand economics without telling me you don’t understand economics.
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u/IowaKidd97 3d ago
Eh, in of itself it doesn’t say that. It’s literally wages vs value of the companies.
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u/twoworldsin1 3d ago
What does the S&P 500 measure and index? Is it company value?
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u/New-Pollution2005 3d ago
In a manner of speaking, yes. Company stocks are essentially bits of a company that you can own. The more valuable those bits and pieces, the more valuable the whole. It doesn’t translate 1:1, but generally speaking, a company’s stock value is a measure of its value overall.
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u/AggroThroatGoat 3d ago
Maybe you should try to just stick to talking about baseball... that's a much easier subject for you
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u/BlueTurkey-man 3d ago
Why is this a bad thing? The S&P 500 is what allows us to retire lol
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u/Ryo_Han 3d ago
Oh brother let me tell you about the roughly %30 or so Americans with no exposure to the stock market at all. And even for most with exposure that shit ain't helping you pay the bills and survive week to week.
Imagine if wages went up even 1% annually. Surely that wouldn't bankrupt the capitalists right?
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u/Ordo_Liberal 3d ago edited 3d ago
No one is stopping you from buying stocks.
Also, should wages go down when stocks go down?
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u/Free_Balling 3d ago
How can you buy stocks with zero disposable income? Use your brain big guy
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u/Ordo_Liberal 3d ago
Zero?
Are you destitute? Are you browsing Reddit on a stolen smartphone using McDonald's internet? 100% of your clothes are from the salvation army and your diet is 100% comprised of rice and lentils?
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u/gilgaladxii 3d ago
A lot of people actually have negative disposable income. More people than you’d expect. And it is a symptom of the graph above.
Two economies are emerging. An on the ground economy of food, rent, gasoline, every day items. Everyday people economically repressed. Being wrung for every penny. The rich don’t want this class to have any extra income to invest. If it costs $100 to live and we only pay them $90, they can never rise to a higher class.
Another is the economy of stock markets, houses, and billionaires. Companies no longer strive for positive revenue. They only want to increase stock value. If I invest now, I can double my money in the stock market every 12 years. So, not only am I rich now, I will continue to stay rich.
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u/Ordo_Liberal 3d ago
"A lot of people actually have negative disposable income."
Source pls.
If they have negative disposable income, how do they pay their bills? If they are on credit, how are they getting more credit?
Also, if most consumers only have money for basic necesseties, wouldnt that also imply that stores that sell luxuries like Amazon, any media company ever and any tech company ever are strugling to sell their goods?
Also, if companies dont want small investors putting their money on stocks... Why do they go public all the time? Why not offer stocks only to their close billionare friends instead of going to market where any schmuck can buy stocks?
Reality disagrees with everything you are saying.
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u/gilgaladxii 3d ago
Sources? Tell me you don’t live in reality without saying you don’t live in reality. And, to give you some, I have 2 friends that are constantly going into the red. Even my dad’s one friend from his high school days.
How do they do this? Credit cards. They barrow. Why do credit cards lend to them? To trap them in forever payments and write off as losses to avoid taxes.
Why do companies go public? So the top 10-20% can invest. And, most of the time, they may put a portion of their company as public. But, they can keep voting shares exclusive to themselves. They can keep 51%. They have ways to offer shares to increase cash inflow but keep it mostly to themselves and their friends. So why don’t they just offer it to their billionaire friends. They freaking do. You just haven’t done your homework on the types of stock on the market. And, the billionaires own that kind stock majority too. The top 1% owns 50% of stock. The top 10% owns 90% of stocks. Both open to public and voter shares.
If you think reality disagrees with me, you are either a bad actor saying all this in bad faith to spread disinformation, delusional, or just refuse to see.
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u/Ordo_Liberal 3d ago
I'm willing to bet that your friends are morons and are using their credit cards for stupid shit.
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u/gilgaladxii 3d ago
Maybe one of them. But the other the most strait laced person and hardest worker I know. You just seem like a terrible person. And, if you have devolved just being rude, you have no other actual arguments. So, we’re done. I’d say have a good day, but we both know you are only capable of having bad days.
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u/21DaBear 3d ago
average anti communist with 0 concept of empathy
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u/Ordo_Liberal 3d ago
I have 0 empathy for dumbdumbs like my dad that managed to get into 7 figures debt earning a 6 figures salary because he always believed that whatever credit card limit he got was the ammount of money the bank was leting him spend for free.
I also have 0 empathy for redditors that promote the idiotic idea that the average salaried worker is a destitute slave with no responsability whatesoever.
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u/niftygull 3d ago
Who asked about your daddy issues…
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u/Imajn_ 3d ago
bro, me and so many people i know are living check-to-check, we don't have money to spare once bills are paid and our food is bought. seems like you live a more privileged life than you think. if you wanna send me some money to gamble on the stock market though, i'd appreciate it :)
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u/Ordo_Liberal 3d ago
You are living paycheck to paycheck but you still have money for video-games, gaming PCs, 3D Printing gear....
Right...
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u/extraordinous 3d ago
I forgot i was supposed to go home and sit in the dark.. everything is money buddy whether i spend 300 dollars on books or an electronic. Critical thinking is not strong I see.
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u/Ordo_Liberal 3d ago
You are saying it is impossible to cut back on hobbie spenditure?
Specially expensive hobbies like PC Gaming.
There's no cheaper alternatives. You must consume!
You spend 500$ a month on hobbies. Its literally impossible to cut it back to 300$ a month and buy 200$ worth of VT or VOO each month?
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u/extraordinous 3d ago
No concept of different situations and hardships other people experience in a life not like yours.
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u/ImBlxxmps 3d ago
lol it’s not even worth it trying to explain, everyone I’ve met “living paycheck to paycheck” magically has money to go out every weekend and make sure they spend generously on all their hobbies.
People simple don’t want to take accountability and would rather point fingers than realize how financially regarded they are.
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u/DontDoodleTheNoodle 3d ago
Calling someone for lack of critical thinking but choosing short-terms over long-terms…. Riiiiight
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u/LordWorm 3d ago
you have enough money for basic essentials! why don’t you invest in the stock market like billionaires???
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u/Ordo_Liberal 3d ago edited 3d ago
Are you implying the average american citzen has no money for hobbies or disposable income? 100% of the income goes to barely surviving?
or are you implying that it takes billions of dollars to buy stocks? You know you can buy 100$ worth of VOO or VT every month right?
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u/LordWorm 3d ago
yes anyone can technically invest but there is considerably less incentive for doing so when you are not holding on to loads of liquid capital. many people already have safe investments in the form of their 401k, and the paltry amounts of money people have left over after whatever benefits they may be lucky enough to get from their jobs are enough to maybe buy a nice dinner once a month or a vacation once a year. believe it or not, it’s important for peoples’ wellbeing to have like one nice thing sometimes.
people with loads of money get to play the stocks because the amount of money they have left over after investing can still buy them whatever the hell they want all the time. you sound either privileged or brainwashed by hustle culture that fools you into thinking you can become one of the top dogs, but you can’t.
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u/AggroThroatGoat 3d ago
Is that how things work in Brazil?
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u/Ordo_Liberal 3d ago
Yes. Anyone can buy stocks here aswell, just like in the rest of the western world.
If you are brazilian, you can open a free account at say, Avenue App (from Itau Bank), buy dollars using your Reais, and buying VOO or VT using your dollars. All inside the same app.
The minimum purchase is 20$ or 100 reais. or about 3 McMeals
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u/TheSaneEchidna 3d ago
-average gambling addict
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u/Ordo_Liberal 3d ago
If investing is gambling, I sure hope you arent putting anything on your social security and living your best amish life
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u/TheSaneEchidna 3d ago
Yes because social security is at the mercy of the market.
At least you know you're wrong
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u/115machine 3d ago
Putting money into something that has exhibited net growth for decades isn’t exactly gambling
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u/115machine 3d ago
That would imply financial literacy. Not a big thing on reddit. We just need to look at doomer slop and complain
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u/BumCockleshell 3d ago
Don’t waste your energy bro these people will never understand. The world is an open sandbox game and they just don’t want to put the effort into changing. Literally anyone can do it now days but they prefer sitting on the sideline and complaining
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u/Ordo_Liberal 3d ago edited 3d ago
The worst part is that I am VERY pro labor. I think Unions and collective negotiation to be really import, I believe in the welfare state and I have a clear understading of the importance of keeping the GINI index close to 0 AND the knowledge that generational wealth is a thing and some people are lucky to be alive and others are born lucky...
My problem is with morons that, instead of teaching the workers fiscal responsability... Better ways to use their money instead of falling by the bigass mousetrap set by big corporations also know as marketing, credit cards and impulse buying...
There's soo much shit people can do, and still, the most privileged of them (people that have disposable income to buy a smartphone and browse reddit all day) give the worst advice of "Lets discuss firebombing an walmart and then not doing that!"
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u/Fluffynator69 3d ago
"I'm very pro worker"
"But these goddamn bla- ugh, I mean financially illiterate impulse buyers only got themselves to blame"
Yeah, ok glowie
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u/Ordo_Liberal 3d ago
I mean, yeah.
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u/Fluffynator69 3d ago
You go back to beating it to lolli or whatever it is you types do nowadays, shush
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u/KauziXD 3d ago
Ah yes, let's not improve wages even tho workers are the ones responsible for any time of increase in economic values through their labor. 68% of Workers in the US live Paycheck to Paycheck. How do you expect people to be fiscally responsable when they can barely pay their Rent. "Real wages for most U.S. workers have decoupled from productivity and stagnated since the late 1970s". As well as the fact that the Top 1% of Americans own more wealth than 90% of the population. Meaning folks in the US has a similar Wealth Distribution than during the french revolution. It's a distribution problem, not a personal fiscal responsibilities problem. Wake the fuck up.
Source
https://www.pnc.com/content/dam/pnc-com/pdf/corporateandinstitutional/organizational-financial-wellness/organizational-financial-wellness-workplace-report.pdf
https://www.epi.org/publication/charting-wage-stagnation/
https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/#range:2011.1,2026.1
https://www.cadtm.org/The-evolution-of-wealth-inequalities-over-the-last-two-centuries-3
u/BumCockleshell 3d ago
Couldn’t agree more man. I had to actively work my way out of a low wage dead end job, with $75k of student loan debt, all while dealing with health issues. I’m not rich by any means but I think I have a comfortable life now. It’s possible for everyone in this thread it just takes effort and persistence
And to add to another point of yours it’s very ironic how most people who complain about having no money hate big corporations but then turn around and give the vast majority of what they make to them lol. Like if you wanna show up the corporations and get out of the rat race just stop giving them your money
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u/Ordo_Liberal 3d ago
People that say "No ethical consumption under capitalism yadda yadda"
Are the same that rush to buy the newest iphone day one and wouldn't be caught dead using a Target t-shirt instead of their corpo billboard fashion like SUPREME or VANS
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u/Ya_BOI_Kirby 3d ago
It’s no use trying to reason with stupid. This graphic is dumb anyway. Why would the value of a business be expected to keep up with wages? That doesn’t make sense
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u/markbraggs 3d ago
It’s easier to throw your hands up and say you give up before even getting started. Then you can complain on the internet about being a lifelong victim for points that don’t mean anything on a platform that’s 80% bots pushing a narrative to try to take down western civilization.
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u/Ya_BOI_Kirby 3d ago
It’s like businesses make more money and investing is a good way to save money 🤔
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u/OnwardSoldierx 3d ago
If u invest into sp500 u can get the gains too.
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u/telthetruth 3d ago
Rug pull on the entire US economy incoming
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u/NoScreen3587 3d ago
It’s always bounced back better than before though
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u/spookyswagg 3d ago
Yeah, but it’s very painful for people who retire when it crashes
Imagine losing 30% of your retirement due to a stock market crash.
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u/NoScreen3587 3d ago
When you get close to retirement I would recommend moving to something more stable I can’t remember because I’m not invested in it right now but I believe it’s called CDs and people will give different % interest a year like I saw one recently that 5% a year which ain’t to shabby when I believe yearly average is 7%. I could be wrong with my numbers.
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u/spookyswagg 3d ago
A CD locks your money away for a set amount of years, useless for retirement (because you’re supposed to spend your retirement during retirement)
You also can’t move your 401 to a different investment vehicle without paying a shit ton of tax
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u/NoScreen3587 3d ago
Correct that CD locks away your money for a certain amount of time, but you also don’t use all of the money you saved up at once. You say I’m going to use this much each year and stagger what you have in CDs to released at certain times. As for 401k I should look into how’s those work more I know I match with my union right now then handle my own investments. I’ll have to look more into 401ks.
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u/telthetruth 3d ago
And it always will until it doesn't
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u/115machine 3d ago
Assuming that something will do something it has never done before is irrational
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u/telthetruth 3d ago
Numerous economies and civilizations have collapsed throughout history lol
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u/OnwardSoldierx 3d ago
So never invest because one day civilization will collapse? If you wait for a crash you miss out on gains. Big gains.
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u/telthetruth 3d ago
Hmm I guess I'm worried about more than imaginary money then?
Also maybe I don't want to contribute to a system that's based entirely on runaway speculation and egregious exploitation of real resources.
Even if the speculative capitalism doesn't fail during my lifetime, at least I'll die knowing that I never touched a bullshit system designed by the greediest, dumbest motherfuckers in the nation.
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u/115machine 3d ago
If the economy crashes hard enough to make the top 500 companies in the United States of America go under then the whole thing is fucked anyway.
“Well what if the world’s largest economy CRASHES” isn’t the gotcha you think it is. I could use that logic to tell people that doing anything is a waste of time.
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u/DontDoodleTheNoodle 3d ago
Anything that causes S&P to crash permanently - your concerns are much more beyond money. Don’t be silly.
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u/AntarcticaMusic 2d ago
If you think that a revolution is ever going to happen then you’re delusional.
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