Although I do wonder to what extent we’re witnessing the wealth of the working class, to the small extent it exists in the first place, sucked away. Like a miniature version of how savings were evaporated after the USSR fell. A little shock therapy, which they seem to claim is coming in the form of inflation (I have no clue tbh).
Cause “burning savings” my situation. I got laid off and quit when they tried to bring me back, and had previously built up a little savings from having two (modest) incomes for the household and just being cheap in general. So me, I’m willing to watch it go down for a little while and search for something better. But I dunno how the owning class is gonna respond to this reality.
I know that I’m better off than most having had a chance to save enough to tell people to fuck off
Savings are at an all time post WWII high in most classes except the bottom 1/5th which were doing well until the stimulus checks and unemployment stopped coming.
The ruling classes are using siege tactics in the form of austerity in the middle of a pandemic on the working poor. They are going to try to kowtow, abuse, and demean those who hold out for better conditions.
Yeah, I think you’re pretty spot on with “siege” as a metaphor. I dunno whether capital is being besieged or doing the besieging (a little of both honestly). No wonder that shits a classic fash title lol
Capital is doing the sieging imo. Inflation is a war of attrition to get people to be desperate again and willing to work for what the owners consider a "fair" wage.
Inflation helps asset prices and hurts cash savings, and workers tend to have a higher amount of cash relative to assets, whereas for the wealthy it's the opposite (they don't use bank accounts, they borrow cheap money to buy stocks and real estate).
I just turned down a job for shit pay, fuck em
Although I do wonder to what extent we’re witnessing the wealth of the working class, to the small extent it exists in the first place, sucked away. Like a miniature version of how savings were evaporated after the USSR fell. A little shock therapy, which they seem to claim is coming in the form of inflation (I have no clue tbh).
Cause “burning savings” my situation. I got laid off and quit when they tried to bring me back, and had previously built up a little savings from having two (modest) incomes for the household and just being cheap in general. So me, I’m willing to watch it go down for a little while and search for something better. But I dunno how the owning class is gonna respond to this reality.
I know that I’m better off than most having had a chance to save enough to tell people to fuck off
Savings are at an all time post WWII high in most classes except the bottom 1/5th which were doing well until the stimulus checks and unemployment stopped coming.
The ruling classes are using siege tactics in the form of austerity in the middle of a pandemic on the working poor. They are going to try to kowtow, abuse, and demean those who hold out for better conditions.
Yeah, I think you’re pretty spot on with “siege” as a metaphor. I dunno whether capital is being besieged or doing the besieging (a little of both honestly). No wonder that shits a classic fash title lol
Capital is doing the sieging imo. Inflation is a war of attrition to get people to be desperate again and willing to work for what the owners consider a "fair" wage.
Inflation helps asset prices and hurts cash savings, and workers tend to have a higher amount of cash relative to assets, whereas for the wealthy it's the opposite (they don't use bank accounts, they borrow cheap money to buy stocks and real estate).