11–20 of 600 posts
Earlier quoted context omitted.
workforce in usa seems pretty good. Have you seen the homeprices they are able to afford ?
But that's the thing. Most people can't afford a home here; we're renters. The exception is upper class people riding stock market hype bubbles.
https://www.census.gov/library/stories/2023/07/younger-house... has some nice statistics.
Earlier quoted context omitted.
workforce in usa seems pretty good. Have you seen the homeprices they are able to afford ?
But that's the thing. Most people can't afford a home here; we're renters. The exception is upper class people riding stock market hype bubbles.
We didn't want young men to do anything. We wanted ever-increasing returns for shareholders, and that meant moving factories (where these young men's grandfathers were working 60 years ago) overseas while doing nothing on the whole to retrain the workforce. We got the shareholder returns. Too bad that can't buy a functional society for people born after 1980.
workforce in usa seems pretty good. Have you seen the homeprices they are able to afford ?
Earlier quoted context omitted.
I want a financial person to explain to me why we continue to expect exponential growth of companies’ revenue year after year, and why that makes any logical sense in a world with finite resources.
Population explosion = growth of consumption and we have not yet hit the finite limit but we eventually will, perhaps soon
Earlier quoted context omitted.
But that's the thing. Most people can't afford a home here; we're renters. The exception is upper class people riding stock market hype bubbles.
I think that's a bit disingenuous. Home ownership under 35 is nearly 40%. 35 and up it increases to above 60% https://www.census.gov/library/stories/2023/07/younger-house... has some nice statistics.
We didn't want young men to do anything. We wanted ever-increasing returns for shareholders, and that meant moving factories (where these young men's grandfathers were working 60 years ago) overseas while doing nothing on the whole to retrain the workforce. We got the shareholder returns. Too bad that can't buy a functional society for people born after 1980.
I want a financial person to explain to me why we continue to expect exponential growth of companies’ revenue year after year, and why that makes any logical sense in a world with finite resources.
The thing is, if more of the value produced by labor was directed back towards labor instead of equities, you're going to see far fewer people asking "how is this sustainable?", because they're on the gravy train too, but the equities holders have now gotten so used to being the special kid in the class that they can't fathom not trying to keep labor costs as low as possible.
We didn't want young men to do anything. We wanted ever-increasing returns for shareholders, and that meant moving factories (where these young men's grandfathers were working 60 years ago) overseas while doing nothing on the whole to retrain the workforce. We got the shareholder returns. Too bad that can't buy a functional society for people born after 1980.
I want a financial person to explain to me why we continue to expect exponential growth of companies’ revenue year after year, and why that makes any logical sense in a world with finite resources.
We didn't want young men to do anything. We wanted ever-increasing returns for shareholders, and that meant moving factories (where these young men's grandfathers were working 60 years ago) overseas while doing nothing on the whole to retrain the workforce. We got the shareholder returns. Too bad that can't buy a functional society for people born after 1980.
I want a financial person to explain to me why we continue to expect exponential growth of companies’ revenue year after year, and why that makes any logical sense in a world with finite resources.
We didn't want young men to do anything. We wanted ever-increasing returns for shareholders, and that meant moving factories (where these young men's grandfathers were working 60 years ago) overseas while doing nothing on the whole to retrain the workforce. We got the shareholder returns. Too bad that can't buy a functional society for people born after 1980.
I want a financial person to explain to me why we continue to expect exponential growth of companies’ revenue year after year, and why that makes any logical sense in a world with finite resources.
We didn't want young men to do anything. We wanted ever-increasing returns for shareholders, and that meant moving factories (where these young men's grandfathers were working 60 years ago) overseas while doing nothing on the whole to retrain the workforce. We got the shareholder returns. Too bad that can't buy a functional society for people born after 1980.
workforce in usa seems pretty good. Have you seen the homeprices they are able to afford ?
or, rather, the risk financial institutions are willing to take in order to, again, transfer value to shareholders in an ever-increasing manner.