Posted 5 months ago on Aug. 18, 2018, 8:53 a.m. EST by elf3
This content is user submitted and not an official statement
Should you care about this? WS...skip to the end we know empathy isn't a concern for you. But the domino should and will.
No money for college we set out into the world during the housing boom, i was 11-12 bucks an hour, he was digging trenches for 15, rent was 1200 per month... multiple wage freezes and layoffs during the Bush years with impossible outrageous rents and labor degredation and mass outsourcing (which was blamed on 9/11?). After the crash of 08 we lost our jobs. Tradesman and secretary. Hundreds of resumes and 30 interviews later... A brief stint in an abusive car dealership (walking distance because our cars kept breaking down) they stole his wages and commissions and I was treated like an object and degraded and subjected to unprofessional yelling all day, followed by a back office stint in a nursing home system for greedy muthers, which froze wages and was involved in severe elder abuse, followed by a door to door abusive Comcast gig which never actually paid and stole labor, followed by a job with an abusive supervisor pissed her daughter didnt get the job and six jobs rolled into one and a crazy owner's wife who threw her coat in my face and ordered me around like I was a prostitute trying to steal her much older and unattractive owner husband. Then fortunately a brief union delivery job which stabilized our lives. Followed by CURRENT massive Union Busting, 70 hour abusive weeks, and efforts to destroy wages, encourage attrition, and replace workers with subcontracted low wage workers... and Stress Management Stanford Prison Experiment conditions...which is driving us both to the edge. We decided not to have kids given our quality of life and instability we feel bad for those who do. We never fit in a wedding, we gave up on school, too much income ha for any aid and too poor for loans, also too expensive and no time even if we did. Our goals and dreams are on hold and subject to an economy beyond our control. My wage is now 11 an hour...(BA given preference if you want to change jobs for the same wage and no benefits). Rents are $2000 and rising...everything costs more. He is in the process of a "restructuring". So here we go again. How long can we keep this up? Meanwhile CEO makes 7000 an hour.
We are the 99. We are not alone or unique.
Who cares about us? Congress with their healthcare, fat pensions, corporate backing, and gated mansions which we pay for? The revolution is coming, our anger is bottled ...for now, how long til there is nothing left to lose? But we don't have to do a thing. Because there is a silver rope...and ws is going to hang themselves.
SO why should WallStreet and Congress care. Well here is the fun little part. If you drown us...you are coming with us. Here is why cut and dry...easy and obvious for anyone to see even working shmoes like us:
The DOMINO: following the housing boom corporations and small business, doctors, lawyers, (and also probably EVERY Congressional whore) and would be employers decided to divest funds from hiring into renting out property instead. It was SO lucrative to do so. The government subsidized people to live in them at high market rates demonizing rent control as well as providing a low capital gains tax on these investment properties. Every business man and his uncle ( not too mention spoiled offspring) got in on it... if he was smart got in on it. More renters than ever, more government money to feed on being poured into it like candy. Gentrifying neighborhoods chomping up cheap housing likesharks to rent out at inflated prices and all that rental gold rush. All that cheap housing on the market after forclosing...that flowing avalanche of rental income. No brainer for those with the means...well:
With offshored tax shelters, fewer jobs and stagnated wages outsourcing and the rental market boom replacing employing businesses ...the people holding up the economy are the secretaries and truck drivers. We are the largest workforce left. Especially union workers with actual wages.
SO...When that domino gets pulled out Wall Street you MORONS...lose the people like truck drivers and union workers the largest employment sector left who are subsidizing your rents and tennants aka your BIGGEST INVESTMENTS holding up your own personal finances (even said CEO)...and your properties go underwater you go bankrupt America turns into a shithole...and massive job loss homelessness and noone to consume products, businesses close their doors even WS. Stupid is as Stupid does. Basic common sense. Have fun.
WSJ keep encouraging your own demise in your war on workers, unions and truckers. Hang yourself with your own rope. Your rental properties are fools gold when noone is left to help subsidize the rents.
You didn't think Uber wages are going to hold up this economy and your yachts ?