Re:Tech Unicorns Are Going Public at Near-Record Pace
by monocasa on Wednesday December 19, 2018 @04:20PM
(#18719758)
> The post I'm replying to is arguing about interest rates & wage growth over the past 2 years. I'm pointing out that this is false for wage growth over that time period.
And like I said, your citation doesn't take I to account increases in CPI.
It doesn't matter if they're getting more Uncle Sam Fun Bucks, if those Fun Bucks are worth less than they gained.
> If you want to discuss how structural changes in the economy have let capital fuck over labor, that's a different conversation.
Nah, they're pretty related.
> That trend has been going on since before I was born, though, and the takeaway I learned from it, before even entering the workforce, was "Build capital."
It's next to impossible to build capital if you're not being paid a living wage to start with, and your real wage growth is negative.
And like I said, your citation doesn't take I to account increases in CPI.
Real wage growth is falling. https://www.forbes.com/sites/patrickwwatson/2018/09/25/real-...
It doesn't matter if they're getting more Uncle Sam Fun Bucks, if those Fun Bucks are worth less than they gained.
> If you want to discuss how structural changes in the economy have let capital fuck over labor, that's a different conversation.
Nah, they're pretty related.
> That trend has been going on since before I was born, though, and the takeaway I learned from it, before even entering the workforce, was "Build capital."
It's next to impossible to build capital if you're not being paid a living wage to start with, and your real wage growth is negative.