Comment by pseudocomposer
1 day ago
You’re definitely right that the CEO class was furious about the social progress made by working people. But in terms of purchasing power, I think you’re wrong about working people making appreciable financial progress. Secondly, both major US parties serve the CEO class; our only choice is between covert and overt subservience. Finally, you should be aware that flippantly dismissing egg prices - or really any humans’ food security - makes you come across as privileged and out of touch.
The statistics about real wage growth are likely enough to be true.
That doesn't mean you don't have lots of people in high cost of living areas that lost purchasing power due to cost of housing or whatever. It just means that the aggregate effect is likely enough to have been an increase.
> You’re definitely right that the CEO class was furious about the social progress made by working people.
CEOs weren’t furious about “social progress”. That’s a projection of class warfare mentality.
It was, however, frustrating to see a blatantly obvious economic bubble driven by out of control government spending, which unsurprisingly has now popped. There were points in 2021 when we had junior applicants who could barely talk through the simplest interview questions but demanded senior/staff level comp because that was the going rate in the temporarily distorted market.
Many companies hired at those exaggerated rates anyway, then started cutting deeply when the market changed and they realized they were holding the bag on a lot of overpaid, under qualified hires. Other companies just sat on the sidelines and waited it out. It was the only time I remember having multiple candidates turn us down for better offers, only to message me months later begging for a job because their company overhired followed by layoffs.
> CEOs weren’t furious about “social progress”. That’s a projection of class warfare mentality.
I've never really heard a convincing argument why class warfare doesn't exist.
>Secondly, both major US parties serve the CEO class;
Every time someone says or implies that “both parties are the same” a hungry child gets called a parasite and kicked out of a free and/or reduced price school lunch program.
>> Secondly, both major US parties serve the CEO class
> Every time someone says or implies that “both parties are the same”
Those aren't the same claims.
Rather, the claim is that the party differences, to the extent that they are different, reflect differences among the wealthy political donor class who control the politicians and the policies. There are differences of opinion and approaches among the donor class.
One is the good cop and the other the bad cop. They operate by different methods but inequality continues to rise unabated.