It's just another Marxist Business Insider "the world isn't fair", resentment article.
Yup. Right now there is an INSANE push for UBI here @ 2k/mo/person. NONE of 'em seem to realize what an extra 2k in everybody's pocket will do to prices. Not the sharpest tacks in the box.
Central banks love debt. The privately owned member banks making up the US Federal Reserve love getting larger and larger profits from the debt forced on the taxpayers here.
It's just another Marxist Business Insider "the world isn't fair", resentment article.
Actually I see it as "the US isn't fair" article. They acknowledge the growth of other economies by saying wage growth over their parents is more likely than not, whereas in the US it is just a 50/50 proposition. So if the median salary (Note they don't state wage, so I assume they are referring to white color jobs rahter than blue color) . Can you imagine what hte unemployment rate would be if the median wage in the US were 100K?
Its globalization helping supress wages, plain and simple
The elite love globilizaton. Globilization hurts 1st world incomes and weakens our wealthy middle class. We'll have increasingly less spare income as all the wage slaves in the 3rd world take jobs. You think you're the only one who can telecommute? All those better paying tech jobs will be gone. The open borders will allow the hordes to run in and steal their way into your bank accounts. We lose so they can gain.
The 1st world West built the system that the rest of the world can't build. They can't even maintain it if we build it for them. It will end up in the hands of ruthless regimes that were enriched through dispossessing us here in our nations. The elite will end up with more control because of a hollowed out middle class.
Look, all power for the lesser advantaged people in the world is maintained through the existence of strong Western middle class. The elite wants the middle class gone, and they're succeeding this year especially. When the middle class is gone women in the 1st world will become what they are in the rest of the world outside of the 1st world; they're furniture everywhere except in Western nations. No more feminism for anybody. I know THAT sounds great and it is, but it only exists today because of the wealthy middle class providing for it to exist. Everything good will go with that bit of bad, the bad that erodes a healthy society.