1046
Source: Oxfam
this post was submitted on 17 Jan 2024
1046 points (99.0% liked)
Work Reform
9976 readers
2 users here now
A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Ah the yearly Oxfam cherry picked data. For this one, they say "since 2020" but really this is "since Mars 2020 when the stock market was crashing and hitting incredible lows", which helps inflate their click-baity figures.
Musk’s wealth went up in 2020. So did several other billionaires. The ultra wealthy don’t obey the same rules you and I do, and they’re still making billions when the world is shit.
Doesn't change anything to Oxfam doing cherry picking.
Since March 2022? The start of the Financial Year Boundary month of march? That march? I wonder why they chose such a random month.
/s
Yeah, I feel bad for those billionaires, too. You know what, I think they deserve a tax break.
In totally unrelated news, can you believe those left wing communists want paid maternity and paternity leave. That's going to cost $12 billion annually.. have they not seen the national debt?! It's all just an excuse because no one wants to work anymore.
Get off your soap box, I just pointed out that Oxfam numbers are manipulated.
So are the markets.
You mean the two month stock market dip which has since not only recovered but the market following has heavily outperformed anything before 2020 and was fully abused by those in power who used their insider information on the COVID pandemic to trade just before the dip hit the markets? That stock market crash? I mean, I bet. Those 2 months are totally going to skew the numbers.
Those two months do skew the numbers. Why do you think they specifically picked March and not January as anybody else would?
You can defend your opinions without having to manipulate the numbers.
How do the numbers change if you start with January?
If I did my napkin math right (which is suspect) from January 2020 to December 2023 the Dow Jones had an ~33% increase.
so what you’re saying is that when the stock market is crashing and hitting incredible lows, us plebs lose money and the rich lose significant less? make a profit?
that just points to a different and related problem that still supports oxfams conclusion
if everyone lost money at the same rate, we’d all be worse off… the problem is the wealth gap got larger; not that everyone lost money
Do you really want to get between the angry people with the guillotines and the object of their wrath?