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0143ab93_videojs8_1563605_YT_2d24ba15 licensed under gpl3-or-later
Views : 118,595
Genre: Education
License: Standard YouTube License
Uploaded At May 9, 2024 ^^
warning: returnyoutubedislikes may not be accurate, this is just an estiment ehe :3
Rating : 4.979 (27/5,069 LTDR)
99.47% of the users lieked the video!!
0.53% of the users dislieked the video!!
User score: 99.20- Masterpiece Video
RYD date created : 2024-09-07T18:31:42.829486Z
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Top Comments of this video!! :3
Wages have been flattening ridiculously for fifty years. We all know houses were rising year on year way above the average salary.
An example. You buy something for £100 then sell for £300 you think wow that's not bad profit.
But people who had houses going up 2k a month. That's passive income so the difference between those who have property and those who haven't widen and widen
58 |
I worked this out in actual terms for my family a couple of weeks back, I took our actual wages in 2009 and then worked out what they should be if they had the same value today - we were 30k (gross) worse off in real terms now. It put it in perspective of why we are struggling more now than ever before. We are now changing our future plans
2 |
Seeing more and more blame on house prices rising being put onto immigration to further divide the conversation away from an appropriate wealth tax on the mega rich 10m+ like you talk about. If i was a cult leader billionaire they’ve gotta be very happy with this current narrative. So frustrating. Your youthful, balanced outlook on life and understanding of economics has been enlightening to share in. Keep up the good work big things are coming, like your investing days, selling too early and underestimating the long term are common early learning opportunities im sure youve mastered many times.
4 |
The standard narrative is that inflation is an increase in prices when, in fact, it is a decrease in the value of money. A house that sold for 100k 20 years ago and is now valued at over a million hasn't moved to a better location or had a 900k makeover. It's the same house. The currency it's priced in has lost 90% of its value.
Thank Satoshi for #bitcoin.
16 |
Instead of currency, I try to compare wages to a common staple of my everyday expenses. One of them was bananas, I could see that over the past 30 years the affordability of bananas has changed. Now it takes about 1.3 times more work to earn enough for one banana as it did 30 years ago. Even a monkey would know that working longer or harder for the same thing that hasn’t improved or changed is bananas.
27 |
@leehayes4019
6 months ago
This is the idea that has always bothered me. I wish more people would see this.
The idea that the your wage can go up while being worth less is essential.
142 |