Post #253565
2026-02-10 23:08 UTC
Replies (9)
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@SinningStromgald@lemmy.world 2026-02-11 00:00
> Since the end of 2019, just before the pandemic, workers have basically just kept up. After inflation, average hourly wages are up 3%. For workers in aggregate, total compensation is up 8%. Meanwhile, profits have climbed 43%. My annual pay has increases since 2019 but not enough to keep up with inflation. The extra money from the government during COVID did a good job hiding this for a bit but once it stopped the problem became very apparent.
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@edgemaster72@lemmy.world 2026-02-11 00:56
I imagine most people reading the WSJ look at that and go "Good, the system is working as intended. Squeeze em til there's nothing but pulp, then keep squeezing"
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@Don_alForno@feddit.org 2026-02-11 07:41
Imagine thinking that's "marxist" and not just objective truth.
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@Tehbaz@lemmy.wtf 2026-02-11 00:39
Guillotine time?
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@LemmyBruceLeeMarvin@lemmy.ml 2026-02-11 01:06
Bu bu bu I thought it was all these foreigners takin our jerbs
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@atcorebcor@sh.itjust.works 2026-02-11 08:22
Fun fact, when you remove real estate from that calculations, the claim is no longer true (Rognlie, 2014). Land is a severely underrated cause of this. Edit: citation: https://doi.org/10.1353/eca.2016.0002
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@e8CArkcAuLE@piefed.social 2026-02-10 23:55
look at the footnotes for the graphs: Corporate profits* Labor compensation† that [dagger](https://en.wikipedia.org/wiki/Dagger_(mark)) is quite ambiguous.
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@kryptonianCodeMonkey@lemmy.world 2026-02-11 20:53
Except they're not highlighting that as something to correct. They are celebrating that outcome.
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@Bloomcole@lemmy.world 2026-02-11 18:17
Article itself probably tries to explain how good that is.