this post was submitted on 26 Mar 2026
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Neoliberal

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cross-posted from: https://lemmy.ml/post/21418712

top 11 comments
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[–] vane@lemmy.world 2 points 50 minutes ago

Corporatocracy

[–] Triumph@fedia.io 25 points 6 hours ago (1 children)

It's capitalism. The problem is capitalism.

[–] jimmy90@lemmy.world -3 points 2 hours ago* (last edited 2 hours ago)

woe is me

THE END IS NIGH

[–] discocactus@lemmy.world 14 points 5 hours ago (1 children)

WAGES ARE TOO LOW. The minimum wage in 1938 was $0.25/hr. HOWEVER gold was also $35/oz, and currency was pegged to gold still. So some math ($35/.25=140, current gold price of ~$4525/oz /140=~$32) shows that all other things being equal the minimum wage should be $32/hr. To be the same as 1938, which is practically preindustrial times, when labor was less efficient. They're fucking us. Wake up sheeple.

[–] Dicska@lemmy.world 1 points 33 minutes ago

Let's not forget that 1938 was at the end of a world financial crisis. I think it was so bad they even gave it a name. THAT'S when minimum wage was 1/140 of an ounce of gold. If minimum wage is a tenner (I'm not from the US, I'm not sure) then we can either call these years the Colossal Depression or move the bad actors from power (pretty much everyone at this point).

I've heard that one of the ex governors of California has a tank...

[–] the_abecedarian@piefed.social 15 points 6 hours ago

workers need to organize across industries

[–] GraveyardOrbit@lemmy.zip 14 points 6 hours ago

Neoliberalism is literally what caused the oroblem

[–] minorkeys@lemmy.world 17 points 7 hours ago (1 children)

You understand it just fine. Some people are greedy and built a system that lets them be as greedy as they can. It's no simpler than that. Selfish people are willing to hurt others to empower themselves and so they do.

[–] loutr@sh.itjust.works 4 points 2 hours ago (2 children)

Some people are greedy and built a system that lets them be as greedy as they can.

My economics teacher told us the one and only goal of a business is to make as much money as it possibly can. I asked him about the precise situation described in this post:

"what if my business is doing very well, but my employee struggles to finish the month? Surely I should bump their pay?"

"Well that's sad but irrelevant, they should find another job if this one doesn't suit their needs."

[–] teslekova@sh.itjust.works 2 points 1 hour ago

Good teacher. No bullshit. Describe the companies as the soulless jackal structures they are.

[–] minorkeys@lemmy.world 2 points 2 hours ago

And zero return to anything but yourself makes a stable society, community, civilization itself, impossible.