Hilarious.
it's not hilarious. it's actually very sad and very dire. and unfortunately there may be no way out. standards of living have been going nowhere but down for most for the last four decades. the middle class has been crushed, squeezed, and hollowed out for the last four decades. and it just gets worse every year.
Average CEO pay has increased 1,322% since 1978, meanwhile the average workers pay has increased only 12% during that same time frame. CEO's from Fortune 500 companies on average are paid over 350x what an average worker is paid today. Throughout the 1960s and 1970s- that number was around 20-40x. Tim Cook of Apple for example- last year just raked in just under 1,500x what an average Apple employee makes.
No one is worth that kind of scratch. 80% of companies that make up the S&P 500 pay their CEO's
at least more than 100 times more than they pay their median worker.
The neoliberal policies of the boomers- aka the worst generation ever- have committed generational plunder. They've bastardized the nations economy, have repeatedly cut their own taxes, financed countless and endless wars with deficits, pressed for complete banking/finance deregulation which caused the worst crash since the great depression in 2008, completely mismanaged a pandemic and the response to said pandemic, presided over the destruction of the labor movement and the death of America’s manufacturing core, and left future generations to clean up the messes they created.
what is hilarious- is that it's the old and crusty who have lead America down this path of denigration- really kicking things off in the 1980s- and the "boomers" aka the worst generation ever- are too naive, full of themselves, stupid, and out of touch to see reality. they inherited a literal empire and lead it down a path of decay, bastardization, and destruction. They inherited a rich, dynamic country and have gradually bankrupted it and slowly morphed it into a rapacious repugnant oligarchy where wealth inequality levels are commiserate with corrupt and poor developing nations. Richest country on the face of the planet, yet largest wealth and income inequality gap in the history of the country and worst income and wealth inequality of any developed nation on planet earth.