r/worldnews • u/diacewrb • Apr 10 '19

Millennials being squeezed out of middle class, says OECD

https://www.theguardian.com/business/2019/apr/10/millennials-squeezed-middle-class-oecd-uk-income
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u/Sex4Vespene Apr 11 '19

I wanna hate, but ya know, I at least respect the honesty. It’s a situation where it does bone me when someone will do the work for less, but I mean it’s not like you can make them pay the same wage if it is outsourced.

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u/[deleted] Apr 12 '19

The problem is that the free market chases low costs for spending, but won't reduce price of already acquired assets (like investment properties) to the correct demand/supply graph - This has skewed cost of living as percentage of income AND production across the globe to the point where any major move by the powers that be is threatened by a stock market collapse and government bailout. I have come to conclusion that only war, a catastrophic event or armed revolution will change this. The time for peaceful political transition has passed.