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

(www.wsj.com)
191 points impish9208 | 2 comments | 02 Sep 25 15:07 UTC | HN request time: 0s | 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. haleem123 ◴[02 Sep 25 17:05 UTC] No.45105888[source]▶
>> 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.

The richest people I know are trying to convince everyone

1. There is a "worker shortage" in an attempt to bring in immigrant workers whom they can boss around and keep on a leash

2. That "AI is taking jobs" so you cannot point the people who are really taking jobs -- policy makers

3. There is "low unemployment" to perpetuate the myth that the economy is great

4. "Anyone can make it" while their nepo-babies get back-door access to jobs at top firms and claim "they worked hard up the ranks"

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2. jparishy ◴[02 Sep 25 17:20 UTC] No.45106097[source]▶
I agree, I think this is a longer way to say what I was feeling. It's a rigamarole by people with too much money. If they had less money, they wouldn't be able to do it. So at the end of the day the root cause to me is the inequality. it allows special treatment and the ability to manipulate our daily life (through social apps, news, etc) in a way that they are completely insulated from, feeling no pain whatsoever. Huge policy failure to let so few people have so much influence