You said “now we have billionaires” like it’s a new phenomena. The graph I posted tracks the total wealth share of the top 1% wealthiest people, which is a much better picture of income inequality than the “average CEO”. Notice that the total wealth share went from 30% to 35% since its low in 1970, which is a much smaller change than the 200+x difference that people like to quote.
While inequality is growing, it’s not nearly as dramatic as people make it out to be and in 2023 we are far closer to that 1970s low than we were a century ago
In a world where we've so much automation and wealth in the world that we could care for everyone why do people still have to work 40+ hours a week just to get by?
I don’t disagree with you. Most people in white collar jobs realistically don’t get more than 5 hours a day of real productive work done to begin with. Why do we need to be at the office for 8 hours?
I just think it’s important to look at the data in an objective way. Instead of posting inflammatory comments on Lemmy that exaggerate the situation, you could try lobbying your representatives for better worker protections.
Funny you should say "we" and "American History" though :) Maybe the American model is the problem here.
Well, I’m American lol. But the trends are similar in almost every developed country so I don’t think this is an American problem.