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Americans Lose Faith That Hard Work Leads to Economic Gains, WSJ-NORC Poll Finds

(www.wsj.com)
191 points impish9208 | 1 comments | 02 Sep 25 15:07 UTC | HN request time: 0.487s | source
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Workaccount2 ◴[02 Sep 25 15:31 UTC] No.45104393[source]▶
Hard work never lead to economic gains, working hard at creating value does, and that is still true today. If the adage was true, dragging rocks up a hill 18 hrs a day would make you billionaire.

The knife in the side of the economy is housing costs. If that were to drop by 50% tomorrow, you would find that suddenly tons of people are happy with the pay the receive for the value they create. People forget (or are simply unaware) that each dollar you take off from rent/mortgage is effectively a dollar raise from your work.

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1. dookahku ◴[02 Sep 25 15:50 UTC] No.45104691[source]▶
> working hard at creating value does,

You'll have to explain to me what a person at work is doing, then? I mean, if they're not creating excess value by working at a job, whose value is then sold at a surplus over what they get paid, why does that job exist? Why did they get hired?

What exactly do you think people at 'normal jobs' are doing at work all day?