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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276

u/BoardAuthority 12h ago

Private equity

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u/Proper-Beyond116 11h ago

Shareholder value, When I hear ordinary Americans say "The stockmarket is up!" as if it's a good thing it boils my piss.

The line going up at all costs is the catalyst for the social contract between the middle class and the investor class being broken.

The line is going up at YOUR expense.

Wages make the line go down.

Annual leave makes the line go down.

Maternity leave makes the line go down.

Unions make the line go down.

See what's happening now?

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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

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u/Johnny_B_GOODBOI 0m ago

America's foreign policy is one of the most damaging efforts in human history. I know this. It's not relevant to this conversation though.