Four decades of offshoring and automation promised temporary pain, that gains would trickle down. Every time they seemed to stop one floor above the people promised them, like a lift that works for everyone except the ground floor. At what point do you stop believing it's broken?

https://readuncut.com/the-ai-bet-corporate-america-actually-made-it-wasnt-productivity/

#EconomicInequality #TrickleDownEconomics #StructuralChange #LaborHistory #WealthDistribution #SystemicIssues

AI Layoffs and Wage Compression: The Bet Corporate America Made

AI gave corporate America a way to gut headcount and get applauded for it. An NBER study found only 2% of execs attributed cuts to actual AI, but 60% cut in anticipation of efficiencies that haven't arrived. The bet was never productivity. It was permanent wage compression with better PR.

Read Uncut
Spending the kids' inheritance: How Australia's richest generation reshaped the economy

Baby boomers own half of Australia's wealth and are spending it on travel, property gifts, and cruises - leaving younger generations to navigate a rigged market.

the spend
Spending the kids' inheritance: How Australia's richest generation reshaped the economy

Baby boomers own half of Australia's wealth and are spending it on travel, property gifts, and cruises - leaving younger generations to navigate a rigged market.

the spend

Why Your Living Standards Are Falling - The Squeeze Out

https://video.folkdata.se/w/sHJk3s9tWFfqVbPHVWuJ5v

Why Your Living Standards Are Falling - The Squeeze Out

PeerTube

The Iran economic shock is coming. How to protect yourself

https://video.folkdata.se/w/qB4EVvQM2jYGHmxH9c7y3x

The Iran economic shock is coming. How to protect yourself

PeerTube

Who's getting rich from your mortgage

https://video.folkdata.se/w/uufBDPfswUco2zxKB3k8QW

Who's getting rich from your mortgage

PeerTube
The economy doesn't have to be a zero-sum game. If we guarantee a vital minimum for everyone and establish a rational maximum for accumulation, we narrow the inequality gap. Justice by design.
#prout #EconomicJustice #dynamicadjustment #WealthDistribution #SystemChange #socialequity #FairEconomy

Today, my membership cancellation has been processed by the NSW Branch of the #Labor Party (#NSWLabor). It no longer represents me, nor many thousands of others I’m sure, and has used up all the loyalty and trust I once had invested in it.

From now on my membership fees and any donation I might have made to the Party will be directed elsewhere (not a political party), to where I think will help #Australia get back on track to #SocialDemocracy where the benefits equally flow to all Australians and not just the #ChoosenFew. As for my vote, it will have to earn it back.

#Poverty is a political choice
#HousingAffordability is a political choice
#CivicLiberties are a political choice
#EquityDiversityInclusion are a political choice
#WealthDistribution is a political choice
#CostOfLiving is a political choice

There is no getting away from #politics nor our civic duty to make sound political choices for all of us living, on this stollen land, on the great #SouthernLand.

#Antifa #TaxTheRich #AusPol

Billionaires won’t leave if we tax them – and even if they do, so what?

YouTube

Graph from Tony Johansson, Katalys. "Swedish economic growth was highest when wealth and income distribution was most even". Numbers show curves of growth and income equality between 1915 and 2015.

#inequality #wealthdistribution