Re:Warren Buffett's Annual Letter to Berkshire Hathaway Shar...
by hackuser on Saturday February 25, 2017 @11:15PM
(#13735635)
> The working class is living better than at any other time in history
On the larger scale of history, yes. I don't think working class people are necessarily doing better than a few decades ago, when they had stronger unions and more power, and before wages stopped rising (which seems likely related to the loss of power).
But an important note, and I don't mean to pick on the parent. In these discussions, the working class is almost always described as "they" and not "we". What do we really know? Input from people with real experience is necessary.
On the larger scale of history, yes. I don't think working class people are necessarily doing better than a few decades ago, when they had stronger unions and more power, and before wages stopped rising (which seems likely related to the loss of power).
But an important note, and I don't mean to pick on the parent. In these discussions, the working class is almost always described as "they" and not "we". What do we really know? Input from people with real experience is necessary.