BREAKING: 🇺🇸 American wages have fallen to 43% of national income, the lowest since the Great Depression.
For every $1 the US economy produces, workers are getting less of it than at any point since 1929.
The rest is going to corporate profits, which are now at an all time high.
This is why the economy keeps growing but most Americans feel poorer. GDP goes up, wages go up in dollar terms, but workers are getting a smaller and smaller slice of what they actually produce.
Asset prices keep rising for the same reason.
Money that used to go to wages is now going to shareholders instead, and shareholders put it into stocks, real estate and other assets.
Huge difference between what's happening now than in 2008.
In 2008, people were losing their jobs, that's why they were missing payments.
We fully employed now and people are missing payments.
This is going to be far worse.
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Looking forward to hearing from you!
Thanks!
@CalebsArandom@nevatiti_ Here’s a link to my IG page: https://t.co/sypUthutWD
Through creating, growing, and maintaining this IG page, I developed the editing, thumbnail, and titling skills you’re looking for, and was able use them to grow the page up to 40k followers at its peak.
Imagine announcing you’re going fully digital and while the world still hates you for it, your platform goes down for hours… rendering all digital games useless 😭