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A comment on Coronavirus-afflicted global economy is almost certainly in recession. Parent comment

Re:Coronavirus-afflicted global economy is almost certainly ... by missedthecue on Thursday April 16, 2020 @01:10AM (#22886279)
Real compensation has increased dramatically. It's a great mistake to assume that a wage is the only cost of employing someone. The cost of labour has gone up significantly over the past few decades.
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Re:Coronavirus-afflicted global economy is almost certainly ... by analog31 on Thursday April 16, 2020 @09:15AM (#22888994)
Sure, workers are getting "paid" to "buy" health care that should be a public good, and is twice as expensive overall as anywhere else in the world.

That's a transference of wealth from the wealthy to the wealthy -- possibly to themselves.

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Re:Coronavirus-afflicted global economy is almost certainly ... by pmiller2 on Thursday April 16, 2020 @10:51AM (#22889943)
Exactly. As I said in a comment that was inexplicably flagged, "compensation" doesn't pay my rent. My paycheck does. Not only that, but I have to pay more in real terms for things like housing and education than people in the 70's did, and I have to fund my own retirement.
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