Quote:
Originally Posted by Whale biologist
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I was skeptical until they said wealth transfer and then I was like nah
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First I don’t really care if Castle ignores me. Often he gives off feelings of a conMan; a used car salesman with get rich schemes. His account is fairly old been probably pedaling them for sometime while telling others to join him. Pyramid
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I too was Skeptical until I saw the wages of those paid in the past and the wealth distribution of the past.
For example boomers have no problem owning a home and paying for their education.
An education equals more often a larger salary.
But what if the larger salaries of the past were worth more than majority of the larger wages paid out today.
In 1972 $6 dollars an hour paid to a simple construction worker was equivalent to $39 an hour today.
https://www.in2013dollars.com/us/inf...1972?amount=39
Year after year the Inequality of Wealth distribution of the rich and the poor is getting larger and larger
https://rwer.wordpress.com/2018/11/1...united-states/
Usually It is advantageous for workers to get an education. This is why social programs for education are funded. IE Putting money in to educating your workers yields more wealth for the rich.
https://www.epi.org/publication/stat...h-foundations/
The economy is self healing and the minimum wage does need to go up.
And even without the minimum wage increase.
Salaries are already on the rise and they are the new norm. Starbucks by next year will be paying a new Barista $23 an hour.
https://chainstoreage.com/starbucks-...ing-recruiters
Until the lower class is paid more of a fare share the inflation will keep growing and will not settle.
Those with rich retirement savings just expect what you have to be worth less as it should rightly go to the newer generation that has been robbed year over year by the older generation.
There is a bit to unpack up there but I really should be working in the lab and may come back to this.