1025
A staggering 80% of American households are financially worse off than they were before COVID-19
(finance.yahoo.com)
this post was submitted on 07 Nov 2023
1025 points (98.8% liked)
News
23376 readers
3288 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
That's so strange. So you're saying the entire capitalist system, that funnels value and wealth ever upward, where consolidation has been rampant, oligopolies are the order of the day and some of our "most successful" companies face charges of but then nothing is done about their monopolies, where at these same titans of industry, an even narrower funnel shovels obscene wealth to those with access to the company's equity grants and options, while those who actually provide the work in the company get 2.3% wage increases because wage stagnation must increase until beatings improve, where these same few companies set and increase prices to enrich their own quarterly stock grants while their employees can't get an increase that even matches inflation let alone provides value...
You're saying that this system somehow allows for wealth concentration? /s
I was thinking about it today as I went by a Les Schwab where behind the front desk they proudly offer payment plans for those with good credit in an enormous banner. Why can't Americans afford to buy car tires? Why would they need to exist in a system where interest would need to be paid to be able to fix their common mode of transportation? Why are tire companies opening finance arms to loan usuriously? Why does a mobile telephone take 2 months of salary to afford? Ask GE finance I suppose and Jack Welch.