The child poverty rate more than doubled in 2022 as Covid-era aid programs expired, erasing major economic gains for the poorest Americans.

  • scrawny_clown_snatch@lemmy.world
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    1 year ago

    Capitalists will always view the uplift of their captive labor market as a bad thing. Covid era expansion of government aid was always intended to be life support for a monetarily ensnared working class in order to maintain the exploitation on the other side of the pandemic. Why do you think they are so adamant about the “return to work”? It isnt just the corporate property developers suffering directly from unused realty, but the middle managers suffering from irrelevance of not being able to physically wield power over employees. Keeping workers stuck in a cycle of poverty is how late-stage capitalism operates most efficiently for the ruling class.

    • The Snark Urge@lemmy.world
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      1 year ago

      They are pretty open about that. The wealthy feel that they need to cause pain in the economy globally in order to diminish workers’ ability to make demands. They have the means and the motive to make 2008 happen again.

    • bigschnitz@lemmy.world
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      1 year ago

      …the middle managers suffering from irrelevance of not being able to physically wield power over employees

      Imagine thinking middle management have any more influence than the rest of us working peasants to influence over the ruling the 1%. What an utterly bizarre thing to claim.

    • SCB@lemmy.world
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      1 year ago

      Capitalists will always view the uplift of their captive labor market as a bad thing.

      I’m a neoliberal capitalist pig and I love uplifting the poor. I literally dedicated my life to it. I fully support just straight up handing the poor money.

      You’ll also note Joe Biden is a capitalist pig-dog too, and literally fought for this program

      Keeping workers stuck in a cycle of poverty is how late-stage capitalism operates most efficiently for the ruling class.

      This is the opposite of the truth.