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909

Looking at the economic impact of the last 18 months, it looks like the outcome should be very K-shaped. Using the USA as an example, I'd expect:

High Earners - Steady paychecks - Assets prices to the moon from money printer go brrr - Stimmy checks - High probability of WFH

Low Earners - Layoffs from lockdowns - Inflation to the moon - Stimmy checks (that don't offset having no job) - School closures forcing them to keep a parent at home for childcare or pay $$$ for childcare

Looking at this, I can see why white collar workers are blase (e.g. if your grocery bill went up $100, and your investments went up $100,000, the grocery bill barely registers), but why aren't low earnings flipping their shit? This seems like an utter disaster for them that isn't going to get better. Have I been hiding under a rock and missing widespread freak-outs? Is there some factor that's keeping a lid on social unrest for low earners who got bent over like a cheap hooker by the lockdowns?

Looking at the economic impact of the last 18 months, it looks like the outcome should be very K-shaped. Using the USA as an example, I'd expect: High Earners - Steady paychecks - Assets prices to the moon from money printer go brrr - Stimmy checks - High probability of WFH Low Earners - Layoffs from lockdowns - Inflation to the moon - Stimmy checks (that don't offset having no job) - School closures forcing them to keep a parent at home for childcare or pay $$$ for childcare Looking at this, I can see why white collar workers are blase (e.g. if your grocery bill went up $100, and your investments went up $100,000, the grocery bill barely registers), but why aren't low earnings flipping their shit? This seems like an utter disaster for them that isn't going to get better. Have I been hiding under a rock and missing widespread freak-outs? Is there some factor that's keeping a lid on social unrest for low earners who got bent over like a cheap hooker by the lockdowns?

(post is archived)

[–] 2 pts 3y

People don't riot unless they are told to. The masses do nothing without the ok from their masters. The reason is simple, if someone wants break a law, they won't do it with confidence unless they know that other people will support them, and protect them from the consequences of breaking the law. Without that assurance of safety or strength in numbers, the result of the first person who breaks the rules is two forms of death, the first being the obvious death of their freedom, and the second being the death of their reputation, the image of themselves in the eye of the public. There's also a third consequence that is even worse, and thus more effective as a deterrent, in that their rulebreaking behavior will also incur negative consequences to anyone associated with their act of defiance, harming the cause or reasons for which they were motivated to break the rules.

There was a story about a community of mice who were repeatedly attacked in the night by a cat, the leader of the mice was clever and came up with a solution, if they were to place a bell on the cat's neck, then the mice would be alerted by the sound of the bell, ans they could use the warning to hide themselves away before the attacks. But the mice had a problem, someone had to put a bell on the cat, and while this was a feat that a group of mice could easily accomplish, some members of that group would undoubtedly die in the process, everyone was in agreement that someone should do it, and that any sacrifices would be very much worthwhile for the good produced by the act, but no 9ne was willing to be the one to put their lives at risk in order to bell the cat.

[–] 1 pt 3y

People are docile, but I don’t have an answer for why. If anyone does, let me know.

[–] 2 pts 3y

Bread and circus are still present.

[–] [deleted] 2 pts 3y

Netflix and chill is the new version of that.

[–] [deleted] 1 pt 3y

They handed out stimulus. Crack sells just as well during a communist revolution as it did before it.

[–] 1 pt 3y

A: people still have too much to lose.

[–] [deleted] 0 pt 3y

Two more weeks.

[–] 2 pts 3y

30 Years Later: "Two more weeks".

;)

[–] [deleted] 1 pt 3y

The storm will still be coming “any day now” in 2051.

[–] 0 pt 3y

They have also had an eviction moratorium for 18 months, so many haven't been paying rent.

[–] 1 pt 3y

This is why you never become a landlord under anything but a Laissez-Faire economy where contracts are enforceable: Bust a Deal(urbantoronto.ca)

The moment government can even theoretically refuse to enforce contracts because "muy feels", no one in their right mind will be a landlord.

[–] 1 pt 3y

Yep, switched from landlord as my retirement option to gold/investing/commerce...

[–] 0 pt 3y

Canadians are pathetic cowards. Im not sure about the rest of the world.