this post was submitted on 26 Mar 2024
1 points (100.0% liked)

Damn, that's interesting!

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[–] [email protected] 0 points 5 months ago

Interesting predictions from the 60s.

It turns out that in the early 70s, “we” decided to give everything to corporations and those already wealthy instead. Productivity did indeed continue to skyrocket, but wages have stagnated since then. For 50+ years we’ve been getting robbed.

[–] [email protected] 0 points 5 months ago (2 children)

To be fair, these were good predictions. All of this is actually possible. It's just capitalism being the problem it usually is..

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[–] [email protected] 0 points 5 months ago (1 children)

Well, in Germany we have legal Holdiays at least...

[–] [email protected] 0 points 5 months ago (2 children)

And on average the 39,5 hours work week and 25-30 vacation days per year. Also unlimited payed sick days.

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[–] [email protected] 0 points 5 months ago (2 children)

This is what it was like when the people of the country worked together to make the future better for everyone. Not self improvement, not local; it was understood across the country that people should plant trees without expecting to sit in its shade. Plan for the future and give the next generation the best chance.

Those articles were written in the 60s. At the very least each author was born 18 years prior, part of the silent generation. The future they hoped, expected, and built was for boomers.

A generation of greed has killed almost all hope for future generations. It only took one to fuck it up for everyone else.

[–] [email protected] 0 points 5 months ago (2 children)

Well, on the bright side, the housing market will collapse in the next few decades as boomers die off/move to retirement homes, leaving a massive glut of housing (unless it all gets bought up by corporations). That'll cause its own set of issues, but ample housing would certainly go a long way.

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[–] [email protected] 0 points 5 months ago (1 children)

As soon as people earn a bit more, the value of things increases. Now value of things keeps increasing but we’re not getting more money.

[–] [email protected] 0 points 5 months ago

Stop parroting bullshit.

[–] [email protected] 0 points 5 months ago

"HAHAHA...no"

– Capitalists

[–] [email protected] 0 points 5 months ago (2 children)

Here's the thing. We could have that right now, today, we're there, they're right. Computers and just useful software (fuck AI) alone have increased productivity so much that one guy with fancy Excel can do the work of what used to take 98 people (7 banks x 14 person abacus teams). And that's just one regional bank. Before email, corporations had internal mailing departments, now there's dirt cheap and super convenient email. There are untold numbers of shell scripts out there quietly replacing whole ass departments of people. Soft automation alone, no robots needed, has increased human productivity to an absolutely bonkers degree since these statements were written. Thanks to the Friedman doctrine and Reagan and Thatcher and their ilk, all the benefits of that productivity got turned into a benefits for the asset holding class, while the middle and lower classes got lectures on the morality of hard work.

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[–] [email protected] 0 points 5 months ago (2 children)

As a kid, my dad used to tell me stuff like that. He believed it too. He worked 2 jobs 6 days a week all his life to die in relative poverty.

People make wealth issues generational. It's not. It's a narrative to divide and conquer.

It's the rich vs the poor. It's always been.

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[–] [email protected] 0 points 5 months ago (4 children)

This is so uniquely depressing. They were accurate on my annual wage in 2024 yet they assumed I’d be working less than 40 hours 😭

[–] [email protected] 0 points 5 months ago* (last edited 5 months ago)

Is it really accurate? They wrote this is '66 about the year '00, which is 34 years. It's been another 24 years since their prediction date.

[–] [email protected] 0 points 5 months ago

With the 1966 labour share of income you probably would be working way less (or making way more)

[–] [email protected] 0 points 5 months ago (2 children)

I think you misread that, because $40,000 in 1966 is roughly $385,000 in today's dollars.

[–] [email protected] 0 points 5 months ago

Pretty sure that's the joke

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[–] [email protected] 0 points 5 months ago (1 children)

I got that wage, but not accounting for inflation...

[–] [email protected] 0 points 5 months ago

Same. I made 36k last year. I looked it up rq and in 1966 dollars 36k would be equivalent to 350k now.

[–] [email protected] 0 points 5 months ago

More like depressing, given how the current era turned out to be.

[–] [email protected] 0 points 5 months ago

I want Silicon Valley's elites on sticks reading this negl

[–] [email protected] 0 points 5 months ago (6 children)

But instead, we decided to make a very small number of people extremely rich.

[–] [email protected] 0 points 5 months ago* (last edited 5 months ago) (6 children)

Bernie is pushing for 32/week.

If he was president we might have gotten it, but Biden sure as shit isn't even going to mention it.

American workers are more productive than at any point in history, it's just all the wealth goes into a very small number of pockets, and instead of having to pay taxes, they pay a small percent to politicians in both parties to ensure workers don't get any

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[–] [email protected] 0 points 5 months ago
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