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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: 0.21s | source
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jparishy ◴[02 Sep 25 15:45 UTC] No.45104627[source]▶
Wealth inequality is high. High enough you can feel it like a vibe in the air. The richest people in the world are telling everyone to get onboard with technology that is determined to make a lot of those same people's jobs redundant. All with an explicit goal of increasing the price of stock most of those people do not own.

IMO there's two economies, maybe divided by those who participate in the stock market and those who don't. We, Americans, have largely given up trying to improve the lives of people not in the first group. Economies are living, breathing entities and we're just grinding poorer people for fuel so richer people can have another house, another boat, another company. A lot of regular joes are really stressed out about paying rent. The loss in faith is warranted.

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1. jimt1234 ◴[02 Sep 25 16:36 UTC] No.45105432[source]▶
> Wealth inequality is high. High enough you can feel it like a vibe in the air.

I agree, but I think it's more than just a "vibe in the air". Throughout my youth and young adulthood, we (GenXers) knew vaguely about rich people, but nothing specific, just that rich people existed and they had nice stuff. Now, thanks to social media and the decline of humility, the lifestyles of rich people isn't just known, it's pushed in front of our faces constantly. And too often the message is straight from A Bronx Tale: "The working man is a sucker".