this post was submitted on 26 Sep 2023
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Work Reform

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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.

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[–] KevonLooney@lemm.ee 0 points 1 year ago (1 children)

You forget the impact of compound interest. If you invested 1 dollar at 1% interest, you would have a billion dollars in just over 2000 years. So these comparisons based on income are not useful.

[–] dangblingus@lemmy.world 4 points 1 year ago (1 children)

If you invested money at 1% interest, you would lose money due to inflation.

[–] KevonLooney@lemm.ee 0 points 1 year ago

Real interest, after inflation.