Why the buying power of wages is diminishing all over the world?

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Why is the cost of living going up when technology should allow humans to increase productivity while decreasing human workload?

In: Economics

15 Answers

Anonymous 0 Comments

Because capitalism has a glass ceiling and we’re hitting it.

For a company to survive in capitalism they need to keep growing or investors leave.

Only way to keep growing profits when you’ve perfected your product and cornered the market is enshitification.

This is a real term for business practices these days…  Look it up it’s fuckin hilarious

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