S.T.E.F.A.N.The thing I love about the stock market is that when it does well, I don’t get anything, but if it does bad, everything pays less and costs more.
Nazo@StefanThinks I'm getting legitimately tired of all the media and really even just most people in general acting like the stock market in any way directly reflects "the economy." Stocks are up? Well, the economy must be doing great then! Except for us normal people, no matter what stocks are doing, the actual real economy is that we're spending more and making less.
Jesse@nazokiyoubinbou @StefanThinks if the stock market is up it's because companies are expected to make more profit, this usually means that workers are expected to be exploited more.
If the stock market goes down, that means that companies aren't exploiting workers enough and thus wages must be reduced to maintain a level of exploitation(profitability).
It's bad either way.
purple: licenced to sticky plaster@jessta @nazokiyoubinbou @StefanThinks ‘it's because companies are expected to make more profit’ that's the theoretical model sure, the fantasy version if you will.
Reality is more based around Margot Robbie in a bathtube and rich kids who think they are hilarious.