cross-posted from: https://lemmit.online/post/5566633
This is an automated archive made by the Lemmit Bot.
The original was posted on /r/todayilearned by /u/MechCADdie on 2025-04-04 08:19:11+00:00.
cross-posted from: https://lemmit.online/post/5566633
This is an automated archive made by the Lemmit Bot.
The original was posted on /r/todayilearned by /u/MechCADdie on 2025-04-04 08:19:11+00:00.
Every day of my life is an economic crisis.
Is this implying if you with paycheck to paycheck it doesn’t affect you? People playing with the stock market can afford to lose. This isn’t going to hurt them nearly as much as those who can’t afford to lose
When I was struggling in college to eat and people talked about the market collapsing – pal, I was trying not to be homeless. I had a thousand other problems, from bad health issues, uncertainty over if I would sleep in a bed, where my next meal.
Its a awful take to rip into them for not caring that the Dow Jones lost 2000 points or whatever.
I’m warning that there is a domino effect of the markets failing that could have left you homeless in that exact situation. It’s literally what you’re describing. This will push people from balancing in the edge to falling over it. Markets collapsing means jobs loses and hardships for the working class as well. So yes everyone should care and be as prepared as possible when we enter a recession. Pretending this isn’t going to effect people working paycheck to paycheck is only going to help leave people unprepared when the ripple effects them. It’s not awful to warn people of a disaster and I resent the accusation
No, it’s not saying people living paycheck-to-paycheck won’t be affected. I think the point is - scary threat isn’t scary, because such people already feel the constant threat of poverty every day. Being regularly pumped full of cortisol over worries of simply surviving, there are no fucks left to give when additional threats are piled on.
Tariff is a consumption tax. The poorest spends most of their income on consumption like groceries, clothing, car parts, etc. The price of all of that is going up.
Next stockmarket wipeout reduces wealth of middle class the most, who in turn reduces spending on services that employee working class people.
Poorest always gets hit the hardest in any negative economic event because they are poor.
Yep. I know. I think a lot of us know. It doesn’t make my burnt-out, cortisol-drenched brain any more capable of reacting.
Just add it to the pile of my stressors over there. I think there’s some space between “potential homelessness” and “loss of medical coverage,” but you might have to squeeze it in there.
To me it looks like it sides with the paycheck-to-paycheck people. But you’re getting a lot of upvotes so either I’m looking at it wrong or a lot of people are wearing the same anger glasses as you.
The reason that the stock market cratered in response to this was that regular consumers are about to get hit with a 25%+ price increase on literally everything they buy. If you don’t make 25% more paycheck, you’re going to be cutting your lifestyle by the difference. Companies know this and are anticipating major lost revenue because people won’t have money to spend on their products. The price increases are probably going to be in full swing in 2-3 months, but that’s an educated guess, only.
thanks, I know all that. Back to the cartoon, it looks to me like it’s acknowledging the situation of Everyman in the persona of SpongeBob. So the answer to, “Is this implying if you with paycheck to paycheck it doesn’t affect you?” would be no, it does not imply that. It’s saying people are already up to their necks in shit and oh well, this’ll make things worse but it’s just another log on the fire.
An even bigger factor to the stock market is that the largest companies get 50%-60% of their revenue from other countries. They are about to get shit kicked.
It looks like it has that intention without actually thinking about it
Right now we’re struggling to be able to pay for groceries tomorrow, after paying rent to a place that hates my family.
If the stock market crashes, what’s the real difference between my shit life with my family, and the shit life with my family if the stock market goes down? I’ll have 0.0001% less chance to become a billionaire?