It's quick, catchy, and convenient to call out a few corp's which pay their workers squat while the bosses rake it in.
BUT - what about the ever-inflating costs of basic daily living - housing, food, medical care, transportation, and education - for the 99% of Americans who aren't too rich to care? Does that not count as "affordability crisis", because denouncing it risks being non-performative activism? After all, if we somehow rolled back that inflation, it would hit the pocketbooks of the 1% pretty hard...
PaulHoule•1h ago
The article also doesn’t say a lot about high prices but rather low wages.
bell-cot•25m ago
True.
But for 99% of Americans, "affordability crisis" is the ratio between the wages they receive and the prices they have to pay.
So if you could (say) roll back rents to pre-RealPage levels - from the PoV of the ~25M rent-burdened (and worse) Americans, would that meaningfully differ from receiving a huge wage increase?
bell-cot•1h ago
BUT - what about the ever-inflating costs of basic daily living - housing, food, medical care, transportation, and education - for the 99% of Americans who aren't too rich to care? Does that not count as "affordability crisis", because denouncing it risks being non-performative activism? After all, if we somehow rolled back that inflation, it would hit the pocketbooks of the 1% pretty hard...
PaulHoule•1h ago
bell-cot•25m ago
But for 99% of Americans, "affordability crisis" is the ratio between the wages they receive and the prices they have to pay.
So if you could (say) roll back rents to pre-RealPage levels - from the PoV of the ~25M rent-burdened (and worse) Americans, would that meaningfully differ from receiving a huge wage increase?