Message from @Attika
Discord ID: 620740306060705813
But Capitalism allows people to move from one class to another and rewards ingenuity and self-governance.
Not anymore
What you say is accurate
Class mobility is at it's lowest for over 2 centuries
Currently
Because the poor are actually getting richer
Class Mobility was at it's highest during the war and post-war economy
Yes the rich are getting richer
But the poor are getting richer faster
Not anymore
No.
Currently.
Stats please?
Lower class workers have the best life conditions that have existed.
Observe this troubling graph
Corporations have intentionally kept wages low
I know.
Even thought productivity has increased
But as a guy who owns a corporation and provides low income housing.
Your article talks about developing countries
Corporations are literally the best avenue
You’re talking just about the west?
Yes
K
Then you might be accurate. But observe why. Poorest areas are SF, LA, and Seattle. Which have instituted massive socialist policies
Do you know why class mobility was the highest during 40's and 50's?
So what would you prefer to free market?
Back when Capitalism was at its all time high.
(Good) Labor Unions.
Labor Unions secured massive benefits for workers
Nowadays theyre just as corrupt as corporations however
Unions themselves have to kept in check though.
Yeah
But the answer is Labor Unions, they are the check for corporations
Take a look at this
A single dad could work a middle class job, and support his wife, 2 kids, own 2 cars, and buy a house in the 40's and 50's
A combination of corruption in both labor unions and corporations