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.
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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.