Another angle is if I struggle and work hard, what rewards accrue to others, and what do I get in return? The ROI on effort seems to be dwindling cause fakes are crowding out the real hard workers. And the buyers (ie wealthy investors) cant seem to tell the difference between expertise and bald faced lies. (I blame social media and rise of influencers for this, a bunch of fancy graphics and a iphone and now you know the 1 real secret the life long scientists have been holding back to our fatloss/clear pores/million dollar a month business).. Then again it was the missteps of institutions that even gave influencers their chance (a little lack of integrity ruins it for all)
From the distribution chart it seems most of the US stock market is owned via IRAs/401Ks/defined benefits and insurance versus individual accounts. [1]
Those evil corporate landlords that drive up rents? Well, likely they are acting on behalf of former hardworking teachers of Canada. Sure there is skimming involved but a bulk is going toward to teacher's retirement. [2]
Of course mileage may vary whether this helps how one feels.
[1] https://i.insider.com/5746013852bcd044008c527e?width=1200for...
[2] Why Canada’s Teachers Run an Investment Firm in Singapore https://www.youtube.com/watch?v=7HXcT_xlLB0
As the meme goes, ¿Porque no lo dos?
Sure tech progress is cool, but it's hard to care when I feel more isolated from my community than ever, the world feels "angry", and in many important ways my life feels much worse off than just a few years ago.
The meme about "but living standards doubling every X years!" is little comfort when you can't feel any of those impacts - not to mention that the material is scarcely the only thing that matters for human happiness.
Most of the HN audience is likely at self-actualization stage where its going to be hard for society to help double life standards when every one's such standard is decided in such a deeply personal way for each individual. [1] It's also going to be really hard to measure progress on this front at a societal level.
[1] The importance of Maslow's hierarchy of needs
https://www.theschooloflife.com/article/the-importance-of-ma...
Sorry, I'm not buying it anymore. More than likely, none of that is going to help me or anyone I know from struggling just a little more each year.