Multinationals in particular hiked prices far above rise in costs to deliver an outsize impact on cost of living crisis, report concludes

  • reversebananimals@lemmy.world
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    11 months ago

    You’re describing the poverty trap. Its very real. I’m wealthy now as well, but I remember a time when I took the subway 90 mins round trip to my job, and the fare cost almost an hour’s pay. So I’d put in 9.5 hours to work an 8 hour shift and my takehome pay was for 7 hours.

    • Vqhm@lemmy.world
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      11 months ago

      Yea, the grind is becoming impossible though. My old man worked a summer job and could afford university all year on that.

      After joining the military for the GI Bill I worked in IT to keep us afloat while my wife went to university.

      I left at 5AM for work, worked as much OT as I could, after work instead of sitting in traffic or stuffing on the train like sardines I studied, did all my IT certs, and left work at 7pm. The weekends I worked a second job doing IT. All through university I worked IT on nights and weekends.

      The grind you have to do to reach “middle” class is becoming: come from money to afford college, or go into debt for life for uni, or work nonstop always.

      How can people take care of kids, family?