this post was submitted on 10 Dec 2023
356 points (95.6% liked)

News

23648 readers
2571 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
top 50 comments
sorted by: hot top controversial new old
[–] [email protected] 184 points 1 year ago (20 children)

Because this isn't a strong economy....

The rich are making money, but they're just hoarding it

So amount of money in circulation keeps decreasing, and prices keep increasing because in capitalism if a company isnt increasing profit margins, the stock price isn't going up. And they finally figured out calling corporate greed "inflation" means around 2/3s of the country will accept it

Either we drastically raise taxes soon, or shits about to get really really bad.

Very few people will just sit back and calmly starve to death

load more comments (19 replies)
[–] [email protected] 104 points 1 year ago (1 children)

A strong stock market is not a strong economy. The economy is the flow of money exchanging hands, which is down because people are paid less than ever compared to the cost of living. This leads to starvation.

load more comments (1 replies)
[–] [email protected] 86 points 1 year ago* (last edited 1 year ago) (20 children)

Hey NBC, an economy that's not providing the basic necessities for working families is not a strong economy. No matter what the pretty graph says.

load more comments (20 replies)
[–] [email protected] 84 points 1 year ago (1 children)

Strong economy == corporate price gouging while everyone else's wages stagnate.

[–] eestileib 37 points 1 year ago

It's a great economy if you're already rich.

Since all elected officials are either rich or grabbing everything they can to become so, they can't understand what it's like for people on minimum wage or a fixed income.

We need more attention on stats like "what percentage of people have zero savings", "what percentage of the median worker's income is consumed by basic expenses", "how many people didn't eat yesterday"...

[–] [email protected] 67 points 1 year ago (1 children)

Some practical advice for donating to food banks: Give money instead of food.

  1. They know exactly what they need. You don’t.

  2. They have partnerships and buy in bulk which makes that same dollar go further in their hands than in yours.

https://www.feedingamerica.org/hunger-blog/donating-food-food-bank-consider-cash-instead-canned-goods

That article has changed how I give to food banks since I read it.

[–] [email protected] 24 points 1 year ago

I remember reading another factor is that food which people donate is often expired, nearly expired, or undesirable and unlikely to be used before it expires, so often ends up getting thrown away anyway.

[–] [email protected] 59 points 1 year ago
[–] [email protected] 54 points 1 year ago (5 children)

In a household of four with two full time incomes (both teachers, so take that with a grain of salt), we are at the point that the food budget is the only thing left to cut. We have canceled any subscriptions, cut all other spending, and often skip lunch/breakfast or eat Ramen noodles to save the bulk of our money for the kids and feed them better. I'm sick of beans and rice, BTW. Due to the nature of our jobs and the outside of school hours (which we are compensated for), side hustle is not an option. We would like to actually be present and part of our kids lives. I keep getting told "it gets better," but the stress of making the bills and feeding the family is relentless, and that says a lot since we are way more fortunate than most. We need change.

[–] [email protected] 28 points 1 year ago

"It gets better" is just a bullshit comment to keep you complacent. It doesn't get better unless we make it better.

load more comments (4 replies)
[–] [email protected] 53 points 1 year ago (2 children)

You mean how can some people barely survive while others have millions or even, wtf, billions? NBCnews? That's your question?

Boy that's a question right there NBCnews. Yessir a real head-scratcher. Hmm! Boy howdy, the mind reels at what could be the cause of such a huge imbalance in our society. I suppose we'll just never FUCKING KNOW.

[–] [email protected] 12 points 1 year ago

Back to work.

load more comments (1 replies)
[–] [email protected] 53 points 1 year ago

Utilities have also been on the rise, and this year Ortigoza isn’t planning on turning on the home’s heater, even with temperatures dipping into the 30s at night. Instead, she plans to wear extra clothes around the house and bundle her daughter in blankets.

I just want to say… Don't do that.

If you want burst water pipes, then that is how you do it.

Instead, let your house drop to uncomfortably cold temperatures, but with still a buffer above freezing. The thermostat is only accurate for wherever it's placed in the house. It's not able to tell you what temperature your pipes are at the distant ends of the house.

If you're going to turn the heat off at below freezing, then you need to empty your pipes first, and no one is going to do that.

But yeah… I felt I needed to get that out of the way first.

Anyway, wages and unemployment are getting 'better', but that means very little if it's still not a living wage.

[–] [email protected] 49 points 1 year ago

That’s capitalism working exactly as expected.

[–] [email protected] 48 points 1 year ago (5 children)

Same reason I hate it when the housing market is described at "strong" in Australia? In what way? Is the market providing housing for all who need it? No?

Then it's weak and I'll have none of this "strong" housing market bullshit.

load more comments (5 replies)
[–] [email protected] 48 points 1 year ago

It’s a strong hoarding economy, the rich and ultra-rich are hoarding wealth and companies are raising prices for everyone else to feed their insatiable demands for profit. There’s nothing strong about this economy for the majority of people.

[–] [email protected] 43 points 1 year ago* (last edited 1 year ago) (1 children)

The economy isn't strong, for one. Rich people getting richer isn't indicative of a healthy economy. The entire working class can barely afford their god damned groceries, 40 hours a week isn't even enough to live on for most people.

The economy is dogshit right now. Fuck these corpo ghouls.

load more comments (1 replies)
[–] [email protected] 42 points 1 year ago (2 children)

As we all know, the word "economy" means "rich people's yachts".

[–] [email protected] 18 points 1 year ago

Nice 'economy' you got there. Be a shame if this Dewalt cordless drill with 40mm carbide holesaw happened to it.

load more comments (1 replies)
[–] [email protected] 37 points 1 year ago

Good economy: Rich people get much richer. Poor people stay poor despite the good economy.

Bad economy: Poor people pay to keep rich people rich, despite the bad economy.

[–] [email protected] 32 points 1 year ago (2 children)

Anyone saying the 'economy is strong' doesn't know jack shit about economics let alone macroeconomics.

load more comments (2 replies)
[–] [email protected] 32 points 1 year ago

Strong for who? The rich?

[–] [email protected] 31 points 1 year ago (28 children)

We were over at my mother's yesterday and we were talking about grocery prices and my mother asked my wife how much we paid for milk and my wife says she doesn't look, because it doesn't matter when we need milk regardless. I don't look either. It's the same with gas prices. I hear they've gone way down, but I've honestly stopped looking. What difference does it make what a gallon of gas costs when I need that gallon no matter what it costs?

[–] [email protected] 15 points 1 year ago

I like to pay attention though so you can see firsthand how bad things are getting. I remember selling shoes to old people and all the employees would joke that they all had no sane grip on the fact that prices go up. They'd say at 80 years old, well when I was 30 that used to be $X thats way too high of a price! Its funny though because we will never experience that. We are used to it being this way year to year much less 30 or 40 years from now. So much so that some people dont even check the price anymore, we just know its higher than it used to be automatically. It's sad.

load more comments (27 replies)
[–] [email protected] 30 points 1 year ago

Because trickle down economy unsurprisingly doesn't work. Good question tho.

[–] [email protected] 29 points 1 year ago (3 children)

That's because the economy is strong... for the rich.

The problem is shareholders expect infinite growth from a finite space, and that growth has to come from somewhere.

If you're already producing as many of your product, as cheaply as you can get away with, then the only thing you can do is charge more - but that strategy only works if the worker's wages don't go up with the profits.

As a result prices are going up, but worker's salaries aren't anywhere near as quickly, because the rich are scooping the extra cash and leaving all the working class to starve.

[–] [email protected] 13 points 1 year ago

I've been working since the mid 90s and in the corporate sphere since the early 2000s.

From this experience I think we go through cycles. If you remember the 80s we had movies like wall street. "Greed, for want of a better word is good"

I think we're around about that point again. I received a directive from way up top and it was about priorities. Profit, shareholders, reducing cost and then customers. Customers were last and employees not even in the list. Unironically straight up customers last no mention of employees.

Through the 90s it was quite different, investors in people was a big thing, there was a lot of focus on team dynamic, wage rises were good, fully comped end of year parties. This kind of thing.

Then I watched this very slow drift away from this. Entire departments and then offices being closed. Below inflation payrises becoming the norm and the bare minimum from the company. Legal minimum pension match, no end of year anything comped. If lucky you'll get lunch at a corporate meeting.

The only thing that keeps me sane is the hope that we're near the end of the cycle and things turn around. It's depressing at this point.

load more comments (2 replies)
[–] [email protected] 22 points 1 year ago (1 children)

I wish someone had told me the economy was strong again earlier. Here I was thinking that hyper inflation was a bad thing.

load more comments (1 replies)
[–] [email protected] 11 points 1 year ago (1 children)
load more comments (1 replies)
load more comments
view more: next ›