this post was submitted on 19 Sep 2023
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If you had the choice, what would you go for:
I know for me it's the latter but that comes from a position where cost of living, while putting a bit of pressure on me financially, isn't my biggest concern. I've lived frugally before and can do that but seeing my hours slip away while companies make big profits off of my work isn't fun.
On average, I'd guess it'd be 2 for most people who already got into the property market and are comfortable with what they have. 1 for people who are starting out/trying to buy things.
I'd rather the prices of things stopped getting insane so we didn't have to try to keep up with huge pay rises though, in general. I don't know how the world can turn this around and things can get better. All of the systems around the world are effectively just 'made up' so I feel like the world as a single unit could just decide to make it a better place for most at the expense of annoying those profiting most from the current system, but that's some John Lennon Imagine style daydreaming and I think the days of things being good for the masses is over and just going to get worse.
Yay now I'm sad.
I would love for the highest paid in a company to have their wage proportional to the lowest wage (ie. 30x), enshrined in law, so there is still motive for increasing profit but it benefits everyone.