I think this article starts to touch on a topic area I don't hear much about but am extremely frustrated by: how modern work for a lot of jobs has become de facto indentured servitude. In the "When They Know They've Got You" section, they mention the real challenges of not being able to obtain a lawyer if things truly aren't fair. The average worker can't afford anything without taking on debt. Insurance is a scam in…
>how modern work for a lot of jobs has become de facto indentured servitude...The average worker can't afford anything without taking on debt. For people from other countries wondering about the veracity of these claims, let's take an example: The typical shitty job everyone on here complains about is working at an amazon warehouse. This is a job people with no skills take on. They pay 15 USD an hour. In other curren…
I don't think GP is out of touch with reality as much as sensationalizing what is going on. Given the trend of the housing market and wages across the entire west, it could be closer to reality quite soon.
Rather, Average Joe is struggling with things that realistically, he shouldn't be struggling with given our global wealth. Comfort level of money has risen far above median wage. If you're not sitting on wealth yet, anything below that isn't going to feel comfortable for a myriad of reasons. Individuals can work around that and build up the wealth, but that won't make the road itself any more comfortable.
Not to mention the majority of actions individuals can perform involve less spending, and every time that happens, politicians, economists and the news will quickly throw out a panic article how the economy is doomed if people don't start spending more quickly.