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submitted 11 months ago by yogthos@lemmygrad.ml to c/genzedong@lemmygrad.ml

Putting all this together indicates that majority of workers are actually being paid less than the living wage now. This was precisely the problem that Marx identified in the first volume of Das Kapital

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[-] MinekPo1@lemmygrad.ml 23 points 11 months ago

note: the median American is "only" 59.8k$ in debt, which while lower than the 90.5k$ figure given in the post, is still larger than the median yearly wage (59k$)

[-] yogthos@lemmygrad.ml 8 points 11 months ago

Yeah, it's a bit less bad for the median, but still unsustainable.

this post was submitted on 31 Oct 2023
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