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by thrown_22
1348 days ago
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People assume that inequality is expensive. It isn't. Income inequality is what a failing society does to motivate people by meeting their greed rather than meeting their needs. An island of concubines is a lot cheaper to give to a CEO than paying 100,000 employees enough for an electric car. |
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Workers are not greedy for simply needing enough money to rent or own a home! In the same time frame, average US-wide rent has gone up from ~200$ to 1100$ [1] - that's a 450% increase. In "hot" areas such as SF, the development has been even worse [2]. On top of that, other necessities of life such as groceries have also continuously gotten more and more expensive [3], not to mention more expensive to obtain as neighborhood grocery stores closed down in favor of large malls.
We're talking about bare survival here. The costs of living have exploded for decades, while wages have been stagnant. People couldn't set aside money as a result, and now we have over half the US population unable to cover a 1000$ emergency without going into (even more) debt [4]. Wanting more money is not greed in these conditions.
[1] https://ipropertymanagement.com/research/average-rent-by-yea...
[2] https://medium.com/@mccannatron/1979-to-2015-average-rent-in...
[3] https://www.usinflationcalculator.com/inflation/average-pric...
[4] https://www.cnbc.com/2022/01/19/56percent-of-americans-cant-...