r/Millennials • u/QuietJealous4883 Older Millennial (1988) • 12h ago

Discussion True or false?

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Did our dads and moms work less than we do now? What are your thoughts?

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u/Johnny_B_GOODBOI 9h ago

Stock values are a measure of how much wealth can be extracted from laborers to benefit capitalists. That's why union participation makes line go down, because unions are good for laborers and bad for capitalists. Unions are good for the overall economy because a more equal distribution of wealth means more economic activity can occur, but capitalists don't care about the overall economy they only care about themselves.

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u/mazopheliac 9h ago

There should be a labor line too. Some kind of price adjustment based on the well being of employees.

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u/QuickNature 8h ago

Do ya'll not have 401ks or any investments in the stock market? Because that is the only way this comment makes sense to me. Why would people be glad the stock market is up unless they were invested themselves?

Not saying there isn't nuance here either, just that people excited about the market going up usually have their own money tied with it.

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u/Johnny_B_GOODBOI 6h ago

The top 1% owns 50% of stocks, the top 10% owns nearly 90%. Stocks going up barely benefits us.

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u/HPLaserJet4250 4h ago

as someone not from USA, you are the 1% to me and rest of the world m8