> The vast majority of the announced layoffs were white collar jobs, people getting $100k, $200k or more per year. That does not fit the story of rich getting richer, does it?
This is a relatively minor quibble, but I would say that the discussion of what happens to people making 100k or 200k a year says absolutely nothing about what is happening to either the rich OR the poor.
While someone making that much money might be considered rich compared to the global average, the prices they need to pay for necessities are not the global averages. They may be paying much more for housing, in particular, if they’re based in the Bay Area or Seattle environs.
If one is working for the bulk of their money for wages or salary rather than making it on investments then I would suggest one is not rich.
This is a relatively minor quibble, but I would say that the discussion of what happens to people making 100k or 200k a year says absolutely nothing about what is happening to either the rich OR the poor.
While someone making that much money might be considered rich compared to the global average, the prices they need to pay for necessities are not the global averages. They may be paying much more for housing, in particular, if they’re based in the Bay Area or Seattle environs.
If one is working for the bulk of their money for wages or salary rather than making it on investments then I would suggest one is not rich.