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Greedflation: corporate profiteering ‘significantly’ boosted global prices, study shows
(www.theguardian.com)
this post was submitted on 09 Dec 2023
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You're describing the poverty trap. Its very real. I'm wealthy now as well, but I remember a time when I took the subway 90 mins round trip to my job, and the fare cost almost an hour's pay. So I'd put in 9.5 hours to work an 8 hour shift and my takehome pay was for 7 hours.
Yea, the grind is becoming impossible though. My old man worked a summer job and could afford university all year on that.
After joining the military for the GI Bill, finishing that commitment, I worked in IT to keep us afloat while my wife went to university.
I left at 5AM for work, worked as much OT as I could, after work instead of sitting in traffic or stuffing on the train like sardines I studied, did all my IT certs, and left work at 7pm. The weekends I worked a second job doing IT. All through university I worked IT on nights and weekends.
The grind you have to do to reach "middle" class is becoming: come from money to afford college, or go into debt for life for uni, or work nonstop always.
How can people take care of kids, family?