Britische Millennials werden wahrscheinlich nie den gleichen Einkommensboom erleben wie die Älteren, zeigt eine Studie

14 comments

1. Your American cousins aren’t incredibly hopeful for theirs neither if it helps any.

2. You can probably say this for literally every western country. I don’t doubt that Gen Z will have it worse.

3. Something has got to give. The rich need to wake up. There is no escape plan that doesnt end badly for them. If the world goes to shit, how long exactly do they think it will take before their security, the trained, armed men treated like servants, decide enough is enough. 2 years? 3? 6 months? A week? 

4. Wonderful news to wake up to…

5. Oh wow. We know

6. That’s true in every developed countries isn’t it?

7. What a dumb article. Growth was higher in the nineties and zeroes than it was in the decade following the 08 financial crisis. Yeah no shit.

8. This article tries to make it seem like no one knows where the money is going. It’s gone into corporate profits which have risen quickly. 

   The wealthy don’t need wages because they have investments. Those at the top gladly take cuts to their salary in exchange for shares then funnel the growth into stock prices.

9. How about we let in a million immigrants a year, especially from poor shitty countries. Having more people competing for jobs will increase wages for our young people who are struggling.

10. As an American: same.

    The previous generations leaned hard into conservative politics, allowing corporations and barons all the breathing room and tax breaks they’d need to crush any chances at competition the free market could provide.

    The same income boom can’t happen because the level of wealth hoarding and market manipulation happening at the executive/owner class levels almost entirely precludes it as a possibility.

    When most companies I’ve heard from spend weeks *thinking* about your request for a consistent raise that at least matches the rate of inflation, while simultaneously finding space in the budget to increase executive pay by hundreds of thousands, or up to millions a year; how the fuck can anyone honestly believe it’s anything other than pure greed at the core of these issues?

11. **Only if we keep the system as it is today…**

    Just like every game needs rules, Capitalism requires clear regulations and enforcement in order to work as intended.

    Right now we see the result of 40 years of deregulation of the markets that turned the financial sector into a jungle where everything is basically allowed in the name of making money.

    Henceforth, **imaginary financial products** called derivatives that create absolutely nothing, no new product, no new service, have become the largest part of the stock market. Essentially people make bets, buy and sell borrowed shares they don’t own, that result in profits without helping the economy. Traders shorting stocks can bankrupt profitable corporations, corporations are forced to increase their profits every quarter or risk a fire sale on their stock…

    Imagine playing football without rules where one team decides to use shotguns and the other team could order fighter jets to perform aerial strikes during a match…

    Well our financial market no longer rewards performance, innovation or hard work, it has become a lawless gang land where the strong win despite damaging the very fabric of society.

    **But Communism is not the answer**

    Communism died because it cannot account for human nature… In order for Communism to work, you would need to change mankind… And that’s impossible.

    **We need rules, we need regulations, we need the rich to pay their fair share of taxes and we need politicians, cops and a justice system that work for the people.**

    The “owners” of this world, the billionaires, are counted in the thousands, we, the people, are counted in the billions… We can do this!

    All we have to do is to reenact financial regulations that existed in the 1950’s and 1960’s, the period in our history where the Middle Class grew by leaps and its wealth increased by record numbers.

    **The worst thing we can do is to give up and imagine we are powerless to change anything.**

12. Boomer’s income only “boomed” because they used Millenial’s credit card to borrow a fuck-ton of money and go on an orgy of consumption.

    Now that Boomers have loaded the rest of us up with debt and are enjoying that last round of canasta before they go to that great big shopping mall in the sky, no fucking shit the younger generations won’t be able to have the same income.

    Large amounts of Millenial’s incomes must be spent paying that debt back down, fighting climate change before Earth turns into Venus 2.0, and several other money pits the Boomers dumped on them.

13. Not just the U.K.

14. “That’s true in every developed countries isn’t it?”

    No other developed country gave itself an extra burden like the UK did with Brexit. The difference between an economy hobbling along and struggling vs a struggling economy that had both its knees shot out by a flag waving muppet and is now hobbling.

    Also, the definition of “developed” will have to change as standards of living decrease. Do you consider Belize a developed country? Thats probably what the developed world standard will look like in 20 years.