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Re:Is the world economy entering a wage-price spiral? by ProjectArcturis on Tuesday October 19, 2021 @12:51PM (#28920316)
Does this need an /s? Don't see how this is a nightmare unless you're a billionaire.
Re:Is the world economy entering a wage-price spiral? by jgsuw on Tuesday October 19, 2021 @12:53PM (#28920342)
Its clearly sarcastic, does that mean it needs an /s?
Re:Is the world economy entering a wage-price spiral? by nyx on Tuesday October 19, 2021 @01:12PM (#28920593)
Original comment was definitely a Poe's Law contender. Hacker News, despite its "gratify curiosity" motto, has never strayed far from its Silicon Valley VC roots, and so these comment threads are brimming with corporation lovers: tech money, people adjacent to tech money, and people who simp for tech money in the hopes that they might be given a slice someday.
Re:Is the world economy entering a wage-price spiral? by tonyedgecombe on Wednesday October 20, 2021 @02:56AM (#28927614)
Or a retiree with an investment based pension.
Re:Is the world economy entering a wage-price spiral? by diordiderot on Wednesday October 20, 2021 @04:57AM (#28928383)
Half of stocks are owned by pensions. The overwhelming majority of that half is owned by a small segment of privileged individuals
Re:Is the world economy entering a wage-price spiral? by tonyedgecombe on Wednesday October 20, 2021 @07:49AM (#28929558)
TIL people with a pension are privileged individuals.
Re:Is the world economy entering a wage-price spiral? by diordiderot on Wednesday October 20, 2021 @07:10PM (#28938062)
40% of Americans 65+ only source of income is social security. The trend is increasing.
Re:Is the world economy entering a wage-price spiral? by tonyedgecombe on Thursday October 21, 2021 @04:00AM (#28941656)
So 60% have some kind of investment income.
Re:Is the world economy entering a wage-price spiral? by imtringued on Wednesday October 20, 2021 @08:30AM (#28929846)
Yes retirees get hurt but you have to understand that these retirees are benefiting from exploitation. Also, they are trying to pretend that there won't be a shortage of workers in 20-30 years as the population gets older.