this post was submitted on 13 Feb 2024
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Work Reform

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Employers demonstrated their infidelity to their staff by paying loyal workers, on average, 7% less than new hires — 20 years ago, salaries were largely the same between new and longtime employees.

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[–] Emotional_Sandwich 38 points 10 months ago (10 children)

I think this generational divide is bullshit. Most people have always known that the system is rigged and keeping your head down and working hard doesn't get most people anywhere.

[–] derf82 26 points 10 months ago (9 children)

There is a generational divide. Boomers and older GenXers often bought their homes years ago when they were far cheaper and have no mostly or entirely paid them off. If they need money, they can get a cheap HELOC. Their house is also a nest egg. That saves a lot.

They also likely actually got regular raises. Plenty of boomers make 6 figures and still struggle to open a PDF, while zoomers and millennials are doing most of their work for them for 1/3rd the pay.

[–] Emotional_Sandwich 14 points 10 months ago* (last edited 10 months ago) (1 children)

Yeah, but there are a ton of boomers and gen x that never got a chance to buy a house. Stack on being a minority, or a woman, and your chances of owning a home back in the good old days were probably worse than now since banks and certain neighborhoods would tell you to get fucked. Things may have been easier for many in different generations, but not for everyone. I'm not discounting that gen z has things worse in a lot of ways, especially work and financial wise. I just don't think fighting amongst generations is going to help. It's class warfare.

Edit: By class warfare I mean basically everyone vs the ultra powerful/wealthy.

[–] derf82 3 points 10 months ago

I'm not discounting that gen z has things worse in a lot of ways, especially work and financial wise.

But that’s just it, by not acknowledging it, by acting like we’re all in the same boat, it is being discounted.

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