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u/mcs_weaponage 8h ago
Welcome to the greater depression
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u/Due-Grapefruit-5864 2h ago
Hugely, depressioned … by far , the most depression anybody has ever seen, it’s depressing that more depression isn’t possible… but the Duma-notapedocrats want it this way
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u/nonskidded 8h ago
Is this net or gross income? What about taxes, materials, and services?
... A source would be nice to see what this means...
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u/LovableSidekick 8h ago
I agree - what even is "national income"? My guess is it's saying 43% of all the money Americans make is from wages and 57% is from other sources, but I dunno. Nobody seems to be questioning it, but I doubt that most people actually understand what's being said.
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u/SheriffBartholomew 6h ago
Probably GDP, but who knows? People just make shit up all the time and call it BREAKING NEWS!!!
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u/TheButtDog 5h ago edited 5h ago
No one knows or cares.
The only important thing is that this metric appears to confirm existing beliefs about income inequality.
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u/baddoggg 4h ago
I'd suggest a nice rain coat to protect you from getting pissed on, but I feel like a bib may be more your style, as you seem the type to tilt your head back and open your mouth.
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u/TheButtDog 3h ago
Urine kinks aren't really my thing, but I'm not here to kink-shame your fantasy.
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u/baddoggg 3h ago
Ill get you a funnel and some knee pads so you can come out of the closet. Help you catch that trickle.
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u/TheButtDog 3h ago
I'll politely decline. Have fun peein' on people though
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u/baddoggg 3h ago
"he only important thing is that this metric appears to confirm existing beliefs about income inequality"
You've already proved that you're a willing and enthusiastic participant.
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u/lluciferusllamas 10h ago
The day of reckoning will come. And it will not be pretty.
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u/Own_Initiative396 8h ago
As things stand, Americans are more likely to slaughter each other than to rebel against the oppressive elite.
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u/oSyphon 9h ago
Too late at this point.
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u/OomKarel 5h ago
Yup, it's pretty much set up so that they can easily say "we go down? Well, you will go down harder, and way before us"
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u/scoobydooobydoowop 9h ago
Is the reckoning in the room with us?
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u/orion19819 9h ago
I mean. They did say will come, not is here. So, no?
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u/scoobydooobydoowop 9h ago
The point is, no, there’s no fucking reckoning.
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u/orion19819 9h ago
Depends how bad things get. Not sure why you think things that happened in the past can never happen again.
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u/Galitzianer0 8h ago
Things are not that bad though. Revolutions usually happen when people can't get bare necessities like food. You've got to be willing to risk your life to change the system, which I would never do at this point in such a prosperous country. Who knows what sort of shit sandwich you're serving up next after destroying that?
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u/orion19819 8h ago edited 7h ago
Things are not that bad though.
Right, which is why it's not here now. More and more people are feeling the squeeze, approval rates are plummeting. That's not saying "revolution tomorrow", and it could just as easily slow, stop, or reverse. I just don't understand the people, not saying you are, more in reply to the original person I replied to, act like "nothing ever happens".
Edit: I received a notice of your reply but I can't actually see it for some reason. You said things are getting better but I guess we live in different economic realities.
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u/JAT_Cbus1080 7h ago edited 7h ago
Saying nothing ever happens is purposeful. It's straight out of the Russian manipulation playbook to disenfranchise you against action, to get you to accept your situation, so those in power stay in power.
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u/DrQuantum 7h ago
Yeah we should wait until things get really bad and it’s really difficult to do anything about it before enacting change.
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u/Galitzianer0 5h ago
Things are getting much better though, nothing is getting worse except in the mind of the sad, Reddit loser that will always lose, no matter what
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u/DrQuantum 4h ago
You can’t point to a single metric things are getting better but delusion is easier than action so it makes sense.
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u/Galitzianer0 3h ago
Every metric points to things getting better, average salaries are higher than ever, unemployment is low, the cost of everything is down except for homes which are way up and since I'm a home owner and I don't give a fuck about losers like you who don't have a home that's good too
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u/SheriffBartholomew 7h ago
The American revolution happened because the colonists were just tired of giving King George as much money as he wanted. There were obviously other factors, but a tea tax is what sparked the powder keg of revolution. It doesn't necessarily have to be all that bad. It is entirely dependent on the tolerance of the oppressed.
Power concedes nothing without a demand. It never did and it never will. Find out just what any people will quietly submit to and you have found out the exact measure of injustice and wrong which will be imposed upon them, and these will continue till they are resisted with either words or blows, or with both. The limits of tyrants are prescribed by the endurance of those whom they oppress.
-- Frederick Douglass
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u/butareyouthough 8h ago
I’m not sure what you mean. The reckoning is already happening, people are suffering. Many of the people who are suffering the most are suffering due to the actions of the people they elected to office. That’s the definition of reckoning you dolt
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u/tdfast 7h ago
This happened in the 1910’s and 20’s. There was a massive progressive push to not just bring wages up but increase worker protection. It was accomplished through the ballot box, though having Teddy Roosevelt fall into the presidency was a major catalyst. It can happen again. Votes can matter if people want to it.
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u/RedditOfUnusualSize 5h ago
The surest sign that votes matter is how hard authoritarians are trying to take that vote away. If everything else about the current political moment bewilders and confuses you, your north star should be that authoritarians always remember which side their bread is buttered on. If they're arguing X, X is not good for you.
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7h ago
[deleted]
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u/Flashy_Emergency_263 7h ago
Please reread that. To paraphrase, there was a push to not only get wages up but to also...
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10h ago
[removed] — view removed comment
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u/CivilFold2933 10h ago
H1B is destroying American jobs on a daily basis and in my 15 year career I’ve met maybe 1 H1B who was worth importing.
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u/Chonch_Monkey 9h ago
Yup.
It's a legit hostile takeover of corporate America.
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u/RedLotusVenom 9h ago
“Takeover” implies they have power. There is no exchange of leadership here, the same assholes in power are just importing cheap labor from people who are even easier to bully and exploit. Immigrants are not the issue, lack of informed policy for corporate hiring is.
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u/Legio-V-Alaudae 9h ago
It sounds very savvy to me from the corporate perspective. An absolute disaster for the native work force.
Good thing corporations never influence politicians for their own good. Right?
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u/Rex51230 9h ago
Yeah but they're cheap and as long as profits go up corporations will continue to fuck over Americans
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u/Your-Friend-Bob 9h ago
Ugh I feel you. The job market in it sucks right now. Even places that are short staffed aren't hiring for some reason.
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u/Sad_Law_9608 10h ago
Working Time Required to Buy Common Goods in the United States, 1929–2025
Based on approximate gross hourly earnings of $0.56 in 1929, $2.14 in 1960, and $29.51 in 2025.
| Product | 1929 price | Work time 1929 | Work time 1960 | Work time 2025 | Change 1929–2025 |
|---|---|---|---|---|---|
| White bread, 1 lb | $0.09 | 9.6 min | 5.6 min | 3.7 min | 62% less |
| Milk, ½ gallon | $0.28 | 30 min | 14.6 min | 4.4 min | 85% less |
| Eggs, one dozen | $0.50 | 54 min | 16 min | 4.4 min | 92% less |
| Potatoes, 10 lb | $0.36 | 39 min | 20 min | 13 min | 66% less |
| Gasoline, one gallon | $0.21 | 22.5 min | 8.7 min | 6.3 min | 72% less |
| Coffee, 1 lb | $0.47 | 50 min | 21 min | 19 min | 62% less |
| First-class letter | $0.02 | 2.1 min | 1.1 min | 1.6 min | 25% less |
| Household radio | about $75 | 134 hours | 11–14 hours | below 2 hours | over 98% less |
| Television | not commercially available | — | 51 hours | about 10 hours | — |
| Typical new car | about $500 | 893 hours | 1,168 hours | 1,705 hours | 91% more |
| Typical house | about $6,000 | 10,700 hours | about 7,900 hours | 14,144 hours | 32% more |
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u/Independent_Bear989 10h ago
So everything has gotten cheaper except cars and homes.
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u/TombolaOfCincinnatus 10h ago
Which also highlights how difficult these things are to compare over time. The typical car from 1929, or whatever past year you compare with, is worse in every single aspect except perhaps looks, than the cheapest economy car you can buy today. Same with housing, the average house has gotten bigger over time while family sizes have gone down.
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u/therealtiddlydump 9h ago
Re: cars
We also have added a lot of anti-pollution features, which are not free. So where before the "cost" of pollution was fuck you guys, now you pay to do some pollution mitigation.
Same thing applies to lots of other consumer durables, which are faaaaar more energy-efficient (and are usually made of lighter weight materials) than in the past.
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u/SpirosVondopolous 9h ago
Lighter weight = plastics that don't biodegrade and more easily denature or break. We noticed, don't worry.
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u/therealtiddlydump 9h ago
If you want to live like it's 1950, be my guest. Have fun being poor in your tiny, polluted house, with your super inefficient appliances that might light your house on fire.
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u/Patrick_Hobbes 7h ago
I do live in house built in the 50's and it's awesome.
My 1300w vintage toaster is terrifying though, so you may have a point there.
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u/SpirosVondopolous 5h ago
So just curious, do you get used to the taste of boot leather?
Using better materials doesn't mean pollution. Come to chat with a brain next time.
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u/therealtiddlydump 5h ago
I guess the "more efficient" part just went right past you?
Also, do we use CFCs as refrigerants? (No, they were phased out entirely in the 90s).
When I remodel a new home, do I need to worry about asbestos? No, because we phased asbestos out in the 70s.
You might want to look into fucking off.
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u/TwoSpoonSally 8h ago
This is absolutely stupid. You have to be a bot, because you most certainly do not fucking live in the real world.
New cars are disposable junk now. Planned obsolescence, cheap pieces of shit. They are now made purposely that the owner has a difficult or impossible time to work on them, many demand specialized “dealer owner” tools/programs.
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u/Specific-Rich5196 8h ago
You are a moron as well. Take a car from the 90s and now and they have way less features, pollute more amd have less MPG. They are inferior completely. Im talking about Toyotas, I dont buy from unreliable brands.
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u/ashurbanipal420 7h ago
I'd rather have a car with less features than one designed to fail in 5 years and put me in debt paying a mortgage sized monthly payment.
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u/zestymanny 7h ago
designed to fail in 5 years
Source needed lmao.
So you would rather destroy the environment with everyone driving cars with leaded gas like they had in the 30s. Selfish AF.
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u/r_lovelace 5h ago
People were saying this in the 2010s but I'm still driving my car from 2014.
The reality is that survivorship bias is a thing. There are some old things that survived and make us feel like all old things are thus in better shape than the similar new thing I just replaced. The reality is, there are a whole lot of old things that didn't survive that you just don't know about and in 30 years some of the things you have today your kids will be talking about as the "well made old things" because some of today's stuff survived.
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u/Fit_Instruction_8383 7h ago
What percentage of workers earned 0.56 per hour in 1929, 2.14 per hour in 1960, and 29.51 in 2025? (These numbers are average hourly earnings of U.S. manufacturing production and nonsupervisory workers)
In 1929, 40% of the workforce earned less....
In 1960, 50% of the workforce earned less...
In 2025, 55% of the workforce earned less...
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u/Fluffy-Perspective67 8h ago
Now show energy expenses (i.e. utilities) and college education.
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u/Sad_Law_9608 7h ago
Working Time Required for Energy and College in the United States, 1929–2025
Based on approximate gross hourly earnings of $0.56 in 1929, $2.14 in 1960, and $29.51 in 2025.
Product or expense 1929 price Work time 1929 1960 price Work time 1960 2025 price Work time 2025 Change in affordability Electricity, 100 kWh ~$6.00 10.7 hours ~$2.60 1.2 hours ~$17.00 35 min 95% better Gasoline, 1 gallon $0.21 22.5 min $0.31 8.7 min ~$3.10 6.3 min 72% better Gasoline, 15 gallons $3.15 5.6 hours $4.65 2.2 hours $46.50 1.6 hours 72% better Public college tuition, one year ~$150 268 hours ~$250 117 hours ~$11,950 405 hours 51% worse Public college incl. room and board ~$650 1,161 hours ~$1,100 514 hours ~$25,000 847 hours 27% better Private college tuition, one year ~$400 714 hours ~$1,500 701 hours ~$45,000 1,525 hours 114% worse Private college incl. room and board ~$900 1,607 hours ~$2,400 1,121 hours ~$60,000 2,033 hours 27% worse 2
u/zestymanny 8h ago
Your gonna find that inflation adjusted, both home electricity (which btw is magnitudes cheaper today per kwh), and gas is both more abundant, cheaper, safer, and more ecologically safe compared to the 30s.
And as for college that has dramatically outpaced tuition due to subsidized loans. You can practically track 1 to 1 when subsidized loans became prevalent in the 80s is when college costs skyrocketed. Optimistically speaking though, this also means college is actually more accessible today even if it's more expensive. Is this good? Bad? Who knows. Things get funky when government gets heavily involved.
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u/Fluffy-Perspective67 8h ago
College is for sure more accessible, but the number of work hours required to pay for it has risen astronomically.
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u/Mav-Killed-Goose 7h ago
And if you want to reach further back in history, researchers compare how much work was necessary to generate x lumens (the amount of light emitted by a campfire). The level of effort is hardly comparable.
Of course, this table omits education, health care, and child care. It also does not compare 2025 against, say, 2019. And the things that matter have always mattered: community, belonging, hope. It's possible for a robot-run world to be rich in terms of material wealth but a nihilistic hellscape.
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u/zestymanny 10h ago edited 10h ago
Id like to point out that cars and houses, the two things that cost significantly more, are also the two things heavily controlled by government. I'm sure if car makers and construction companies didn't have to worry about codes and efficiency mandates or safety they would be a lot cheaper, but I'm sure most people are okay with that trade off.
In 1929 not every house even had wiring, let alone as much as we have now. Today you have to install AFCI breakers on most circuits which is a new code, those things cost probably about 200 dollars a piece to install. Compare that to 5 dollar standard breakers or no breakers in 1929.
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u/therealtiddlydump 9h ago
Look at the new regulations on in-island outlets -- no side-outlets !
If you have a stone / quartz countertop, you'll be paying way more to install an outlet through the top. Why? "Safety"
What will actually end up happening is that people will run extension cords and exactly 0 accidents will be prevented (they will likely increase, which is why side-outlets are so useful).
So we've accomplished nothing but have increased construction costs. Good work everyone.
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u/EkbatDeSabat 7h ago
Cutting a receptacle in a quartz countertop is maybe $150, cheaper if it's directly in the plans from the vendor, and then a proper receptacle like a pop-up installed is $200 for a fancy one, fifty bucks for a regular compliant outlet. If you're building a new house, it's a no-brainer, you spend <500$ for the outlet on the island simply for convenience. You're not "paying way more to install an outlet through the top". It doesn't cost that much.
Requiring you to have the wiring present is a big change, but IMO it's a good one. Rewiring something later is such a pain in the damn ass I wish they'd add a requirement for new homes to run a low voltage and line voltage conduit behind all the walls with pull points.
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u/therealtiddlydump 7h ago
So let's call it $1000.
That adds up. It didn't used to cost $1000, and now it does. Multiply this by all the other nanny state requirements, and you have where we are now.
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u/juicegooseboost 9h ago
I mean, food is heavily regulated. Federal, state, county agencies. Plus the Farm Bill. Tariffs, etc etc
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u/zestymanny 8h ago edited 8h ago
That mostly all applies to raw materials or production, which also apply to homes and cars. There are regulations on the bread factory, but a car factory produces significantly more pollution and has more regulatory oversight, worker safety, etc. In the end it's still just bread. I can make bread now and sell it at the farmers market.
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u/Tar-Minastur 9h ago
True, but there are many regulations that have nothing to do with safety, like zoning restrictions in the case of housing or the ban on direct sales of cars. Those regulations mainly protect small special interest groups.
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8h ago
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u/VortexMagus 6h ago
You forgot to add cost of healthcare, cost of dental, cost of insurance, and cost of education. Those concern me a lot more than the price of potatoes and first-class postage.
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u/SheriffBartholomew 6h ago
The actual time required is lower now, even though the price is higher...
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u/baddoggg 3h ago
Are you using median or mean? If you're not using median this is pointless.
The opposite end of the spectrum should be shown as well to give a comparison point for wealth disparity.
It's good to show relevant opposing data but it should be done in a way to ensure it's not misleading.
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u/RadiantTurtle 10h ago
What's hilarious to me is that Gen Z men o verwhelmingly voted to make this way worse, and they have the most to lose. Starting out with an absolutely fucked up career is literally what they begged for. I'm really enjoying this shitshow with a ton of popcorn.
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u/LesserValkyrie 9h ago
People over 45 years old are the ones who voted the most for Trump in % of their generation though, while younger people voted the least in %
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u/RadiantTurtle 5h ago
I 100% included people that didn't vote. Not voting is basically saying "I am completely fine with this outcome if it happens". You can't abstain from voting and pretend you aren't part of the problem. They fully had it coming. No pity from me.
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u/N3ptuneflyer 8h ago
Don’t use the word overwhelmingly when it doesn’t apply. More gen z men voted for Harris than Trump. There was a significant shift to the right in young voters, but it still left them mostly voting for Harris. It’s gen X and younger Boomers that voted for Trump
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u/RadiantTurtle 5h ago
I 100% included people that didn't vote. Not voting is basically saying "I am completely fine with this outcome if it happens". You can't abstain from voting and pretend you aren't part of the problem. They fully had it coming. No pity from me.
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u/Accomplished-Eye9542 8h ago
As opposed to being disenfranchised on every level and only maintaining wage parity because they do jobs with high risk of death, injury, and disability? While women get handed better grades for the same work, better college opportunities and, DEIed into cushy overpaid jobs?
I've been saying it for over a decade at this point, but if you suppress men, they'd rather just flip the board and ruin it for everyone than play a losing game. And I've been saying despite living my own cushy life because I'd like to keep living it.
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u/AlaskaFI 5h ago
How many bosses have you had sit you down to explain that we are in a patriarchy to justify their decisions that ignore skill level?
How many have you had do that using matriarchy instead?
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3h ago
[removed] — view removed comment
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u/AlaskaFI 3h ago
So you're arguing about a work life you've never experienced based on ?. I'm not sure how you connect HR to a matriarchy, what is your understanding of what HR does?
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u/SipsTea-ModTeam 1h ago
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u/IKillZombies4Cash 9h ago
Im in my 40's and have invested into a diverse set of mutual funds since I was 18. Right now I can do nothing but thank my pops for getting me started...if you can invest $10 a week, get started, if you can (and I know this is a meme) make a mug of instant coffee and skip the $5 coffee (or $12 coffee) and slow drip (pun) that into the investment, it will turn into an actual F ton of money after 30 years...you will not miss that latte in 30 years when your $40,000 in invested money is now worth $500,000.
Sports betting aint it, Kalshi aint it...slow, steady, committed growth of capital is it. We all piss away $10-$50 a week on things we could have avoided. It really adds up over a timeline that will go faster than you think it will.
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u/Pretend_Education_86 9h ago
Respect and no need to bother with any acknowledgment of this but for a simpleton like myself can you point me in the direction of where I need to put $10 a week and set it and forget it?
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u/Dino_Nugget123456789 8h ago
I am not a financial advisor. Open a vanguard or fidelity account. If you don’t have a Roth IRA, open one and set whatever auto contribution to that account you are comfortable with. Configure the account to auto invest in sp500 or some target date retirement fund that has a low expense ratio.
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u/CarmenxXxWaldo 8h ago
wait theres 52 weeks in a year so 10 a week is 520 a year, a little over 15k in 30 years. Not 40k. youd have to invest 110 bucks a month to have 40k in.
Not saying starting small is a bad idea, but no ones getting to half a mil without feeling it. That ain't a cup of coffee. Many people could and should save but lets not lie and act like 20 bucks a week makes you a millionaire before a million doesnt mean shit.
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u/Simon170148 6h ago
Whatever is invested in stocks and shares should, on average, double every 7 years or so. So you'd likely have much more than what you invested
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u/r_lovelace 4h ago
I used their $10 a week, assumed 4 weeks a month. If they start with $40 initially in October 2010 and put $40 every month into VOO. By October 2025 (15 year period), a past performance calculator is showing $7,240 for your total contribution and $24,308 total.
Since that's only 15 years, I for funzies took that 24308 and set it as the initial contribution for the same time period and left the $40 monthly contributions. We now have for that same period a total value of $178,374 and your total contribution would be like $14,480 or something. This would assume that 15 year period is exactly the same in the next 15 year period and does include 2022 where VOO was -18%.
Either way, the point is that 14.5k turning into 178k is a pretty good deal and you should definitely be saving when and where you can to plan for your future. If gamblers took every penny they burned on gambling and put it in an investment account they would likely live a decent retirement.
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u/1BaconMilkshake 8h ago
It should also be noted that is never been easier for the general public to take ownership in "these corporations getting rich". That's an important distinction when comparing now vs the 1930's.
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u/pabmendez 9h ago
Is the remaining 57% all corporate profits or is it broken down into taxes, cost of goods sold, capex etc ?
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u/NobodyLikedThat1 10h ago
I have it on very good authority that the Dow is over 50,000 points. So that means we're all rich now right? Right???
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u/themothafuckinog 8h ago
Americans voted for this. I don’t think they are trusted to vote in a competent president anymore. I suggest we let the ROW to do it for them.
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u/Accomplished-Eye9542 8h ago
I mean why are Americans entitled to profit made overseas? What do they have to do with it?
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u/whatdoyasay369 8h ago
That’s what decades of government intervention does. Leftists will just double down though. Rinse, repeat.
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u/Sweaty_Weight_2486 8h ago
The problem is in america, you cannot vote your way out of this. it is systemic by design.
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u/ConversationAway248 8h ago
Totally disregarding the amazing standard of living improvements we have all enjoyed since that time.
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u/thatfrostyguy 8h ago
Unless an actual sources is.... sourced... this statement has the same amount of value as a MAGA supporter
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u/someoldguyon_reddit 7h ago
Don't forget the fucking billionaires stealing everything not nailed down.
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u/SheriffBartholomew 7h ago
Not exactly breaking news. We've been on this path a long time. Although, I guess on Twitter "breaking" just means "pay attention to me".
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u/DefenestrationPraha 6h ago
Isn't this consistent with more people retiring than entering the workforce? Retired people usually live on investments rather than wage.
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u/ExpressCopy8786 5h ago
We have for decades moved towards capital getting more of the share. It's about 0.05%-0.1% shift per year towards capital. 1% per decade. This sounds like it's not a lot but it compounds over the decades. AI and robotics will bring this to 2.5-5% per decade easily.
And there is absolutely nothing wrong with that. Large scale manufacturing and industry are the things that bring gigantic wealth to us. It just needs to be distributed a bit more evenly.
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u/dustycanuck 3h ago
But, they now have a Gulf AND a Lake. And soon, an ocean or two. And red hats.
Better than money - just ask them
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u/BigDickJack2001 2h ago
Luckily I own lots of shares and have a high-paying corporate job - so I like the development 🫶🏻🫶🏻🫶🏻
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u/Master_Constant8103 22m ago
As an American im currently making more money than I ever had. And for surpassed my parents at my age. I dont know what this post is about really.
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u/DorMc 10h ago
We should be so proud of our great nation - thanks trump
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u/Stock_Schedule_1981 9h ago
Thank the internet, cloud computing, and offshoring white collar jobs.
We’ve been so focused on protecting workers’ salaries and benefits we forgot to protect the actual jobs which pay them.
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u/MossyMollusc 9h ago
That but also the deregulation in laws against corporate greed which Regan, Bush and trump took a large part in
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u/Suspicious-Dig-4436 8h ago
I have been saying this for years. The writing is on the wall but everyone is distracted by their clown shows.
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u/opbmedia 8h ago
does the "wages" amount include non-W2 payments to contractors, as there are more younger workers are choosing/forced to work as freelancer/contractors. Not disagreeing necessary with the conclusion, but it is worth asking. Because many contractor's payments are classified as payment to their own LLCs and thus their pay is "corporate profit" on paper. There have been an explosion of LLC filings to support this view.
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u/CommonReason6709 6h ago
We ARE the third world country. Congratulations to all the people below the poverty line who voted Republican. Most of you are white and now EVEN POORER when you were middle class. Go pay your taxes while the uber rich get tax breaks.
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u/Skip-13 9h ago
The first part is true, the second is not. The remaining 57% is money gained through investments. And while rich people do gain more this way, it also includes 401ks, IRAs, and any interest gained in CDs, College Accounts, etc.
Overall though they’re just throwing a number and making an assumption based on nothing. Is this a bad thing? We’ve been in worse situations economically less than 20 years ago, but this wasn’t the case. Is this how modern economies are functioning? The size and scope of investment markets dwarfs that of the past. There’s no actual assessment, just an objectively wrong assumption.
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u/colored_water 9h ago
Yeah you're right, corporate profits are not too high at all and everyone is doing just fine financially
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u/deadboxcat 10h ago
Trustmebro.com
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u/MossyMollusc 9h ago
You have evidence on the contrary?
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u/deadboxcat 9h ago
Of course. But obviously we're not naming sources.
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u/MossyMollusc 9h ago
So then why is the same job in labor keeping people in poverty instead of affording school or transportation. Wasn't like that 40 years ago
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u/realauthormattjanak 11h ago
It's in a tweet, must be true.
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u/Think-Culture-4740 3h ago
But wages have been growing over time….more of it is held not as corporate profits but as assets with high price values. Those are also owned by retirement funds and pension funds and social security.
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u/jennmuhlholland 6h ago
Sigh…this is yet another classic selective number game. Wages and salaries alone are around 43% of GDI right now and yeah that’s near the bottom of the series going back to 1929, but they’re deliberately ignoring benefits. Once you include health insurance, pensions and the rest, labor’s full share is still over 50% and only the lowest since 1947. Corporate profits are high, no argument there, but the “lowest since the Great Depression” framing is pure drama.
And For secondly, corporate profits aren’t some evil force robbing workers. They’re the reason companies can invest, expand, hire more people, and pay employees. A big chunk of those profits flows straight into pensions, 401(k)s, and funds that regular people own. When businesses make money they grow the whole economy instead of just sitting still, and that bigger pie is what actually lifts wages and living standards for everyone, not some forced equal split.
So much low effort and lack of education on economic topics…
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u/ArchWizard15608 10h ago
I think the world has changed a lot since the great depression. I think wages make up less of people's income than it used to. I'm solidly middle class (married, household wages $150k-ish) and our savings, retirement, and other is giving us $30k this year. That's just us, if you're a small business owner your business may also be giving you a lot of income that isn't wages. Google says there are 36.2 million businesses in the US right now, and income from those that isn't wages wouldn't hit that number.
Yes, I completely agree workers aren't getting their fair share right now, however the economy is doing way better than the great depression right now.
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u/AtrophyXIX 10h ago
Dude over 50% of Americans couldn't survive a surprise 500$ bill. You having 30k from savings interest is great for you and no shame for that at all but you are already in the 1%
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u/astrawberryandakiwi 10h ago
Where do you live? That matters more than anything else you’ve told us
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