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return2ozma@lemmy.worldBanned from community to News@lemmy.world · 2 years ago

'We are essentially in a new Gilded Age’: As workers get laid off, CEOs and shareholders gobble up hundreds of billions in profits

fortune.com

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  • cross-posted to:
  • aboringdystopia@lemmy.world
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'We are essentially in a new Gilded Age’: As workers get laid off, CEOs and shareholders gobble up hundreds of billions in profits

fortune.com

return2ozma@lemmy.worldBanned from community to News@lemmy.world · 2 years ago
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49
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  • cross-posted to:
  • aboringdystopia@lemmy.world
CEOs cite the need to downsize in a rough economy, but it seems corporations are doing better than ever.
  • Dagwood222@lemm.ee
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    2 years ago

    Not often you see people using a burlap sack to cloth their families, child labor, things like that. And we do have a lot of social programs like SNAP that didnt exist pre-1970s

    Burlap sacks and child labor were prevalent in the 1930’s Depression.

    Johnson’s War On Poverty began in 1964

    https://en.wikipedia.org/wiki/War_on_poverty

    Homelessness became rife in the 1980s when Ronald Reagan slashed spending. He’d done the same thing as California governor and should have known what would happen when he took his act national.

    https://www.sfweekly.com/archives/the-great-eliminator-how-ronald-reagan-made-homelessness-permanent/article_92c9b2ac-e881-502a-ae9d-5266cac03404.html

    • mob@sopuli.xyz
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      2 years ago

      So, we have been progessing over time, until recently, correct?

      Now lets bring being poor as a different demographic than white male in history as well.

      • Dagwood222@lemm.ee
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        2 years ago

        https://en.wikipedia.org/wiki/Madam_C._J._Walker

        Okay

        • mob@sopuli.xyz
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          2 years ago

          Because there was a black millionaire in the early 1900s, it was easier to be poor and black before/during the civil rights movement than it is in modern day?

          I dont feel like we are having a coherent converation and these replies are purely reactive?

          • Dagwood222@lemm.ee
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            2 years ago

            deleted by creator

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