[AndrewKemendo]

Said another way, America is the sandbox for the rich to experiment on the poor, with technology that may or may not be good for the poor but ultimately doesn’t matter because the ultimate winner is always the one funding them.

It’s the test and staging servers for global capitalism

[opportune]

Those companies have generated hundreds of thousands of extremely high paying jobs because hundreds of millions of consumers/many businesses chose to give them money.

[jamesaurichs]

Tesla creates American jobs for the poor to work in manufacturing

SpaceX creates aspiration for the poor

Google allows the poor to advertise their product to anyone in the world cheaply

Facebook allows the poor to market their product to anyone in the world cheaply

AirBnB allows the poor to live in an expensive city, cheaply

Stripe allows the poor to sell their product to anyone in the world cheaply

[dns_snek]

> SpaceX creates aspiration for the poor

> AirBnB allows the poor to live in an expensive city, cheaply

Yeah you're definitely trolling, not cool... or your definition of "the poor" includes people with net worth of $10M.

[croes]

And still people can't afford to buy house like their parents did.

Maybe the problem isn't jobs but wealth distribution.

[SideQuark]

People are buying vastly bigger houses than their parents did. Adjusted for inflation, and most importantly, for square footage, median US housing costs are quite flat. Last I ran the numbers, per sq foot, prices are slightly lower than in the past.

Run them yourself, then check back.

[ipaddr]

What poor person works for Telsa?

What poor person gets aspiration because of Spacex. A basketball player is cheaper and does a better job inspiring.

The poor cannot afford to run adwords campaigns and can't even get a credit card.

Facebooks ads even more expensive.

The poor are not looking for short term rentals and cannot afford to live in the most expensive cities using airbnb. They live in rundown rent controlled places.

Paypal allows the poor to buy/sell.

[theGnuMe]

You missed the AirBnB effect of driving rents up and kicking poor people out of apartments.

[SideQuark]

The poor in America are richer than the poor in just about any other country. The US poverty line is around the top 15% of world incomes, and that's pre tax transfers. Post tax transfers puts them much higher.

[PhilipRoman]

But is that before or after adjusting for cost of living?

[SideQuark]

After. It's PPP adjusted, as all good economists would do.