/r/economicCollapse

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Articles and discussion relating to economic collapse. Topics may include (but are not limited to) inflation, deflation, the financial system, debt, economic instability and preparing for crisis.

Articles and discussion relating to economic collapse. Topics may include (but are not limited to) inflation, deflation, the financial system, debt, economic instability and preparing for crisis.

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/r/collapse

/r/econmonitor

/r/economiccollapsememes

/r/economy

/r/finance

/r/preppers

/r/REBubble2021

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/r/economicCollapse

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0

From aspirations to anxieties, the new lost generation of European youth.

Today I read a story about a father living in a country near Russia who was afraid of the world his daughter might have to live in.

I've also seen stories of people who wanted to have a career, a family, a home, and everything was taken away by war (or the fear of it).

And honestly it's very sad and cruel to read this, I read this and it literally hurt my heart to have to read these stories and comments.

Young people like me who hate war living in fear, young Europeans like me from developed countries like Finland, Estonia, Sweden, Poland...

I hope this doesn't have to happen again in the future, because it's really cruel.

The countries mentioned before will have a lost generation, without dreams, children and happiness.

This will have terrible consequences in the future, even if the war ends.

What worries me most are the psychological problems that many will have and the demographic crisis, which is already bad but will get worse.

If you are a parent living through this, I wish you health for you and your children.

0 Comments
2024/11/06
19:08 UTC

0

Do you guys think that Trump will be a net-positive for the economy? 🤔

119 Comments
2024/11/06
17:52 UTC

7

Uber and Lyft used a loophole to deny drivers pay

0 Comments
2024/11/06
17:38 UTC

0

Trump may have won...

Sometimes the shit has to hit the fan to start cleaning up.

8 Comments
2024/11/06
17:05 UTC

0

Librarians Face a Crisis of Violence and Abuse

https://www.nytimes.com/2024/10/31/well/mind/librarian-trauma-homeless-drugs-mental-illness.html?unlocked_article_code=1.X04.Al1b.6DCGIRjyqnvw&smid=tel-share

As libraries become public stages for social problems — homelessness, drug use, mental health — the people who work there are burning out.

Lauren Comito, the executive director of Urban Librarians Unite, has studied the trauma endured by library staff. In September, her organization began offering virtual peer-led support groups for U.S. library workers.

4 Comments
2024/11/06
16:59 UTC

8

Republican Economic Opinion Guide

Swap out for whatever other economic indicator as desired.

11 Comments
2024/11/06
16:45 UTC

0

Stop cry

For fucks sake stop fucking cry an accept the result.

This is democracy. The people have chosen now stop bitching around like some small children.

I wish you the very best mister president!

27 Comments
2024/11/06
16:20 UTC

168

Can someone actually explain how Trump wining is bad for the US economy?

No opinions but actual facts on exactly how his policies will be bad for the economy

902 Comments
2024/11/06
14:13 UTC

0

My wife has “the gift”

She says what comes next will essentially be a civil war in America. It’ll be hell but we’ll come out of it but never be the same.

14 Comments
2024/11/06
12:54 UTC

0

Start the count down.

I'd give until next xmas

38 Comments
2024/11/06
12:14 UTC

0

Can you spot similarity between GameStop and Trum2024?

I am really not sure what happened. Was that a choice or flash mob?

1 Comment
2024/11/06
09:26 UTC

2

We Worked Hard For This; Global South Is Proud To Be Successors Of The Collapsing West; We Now Write The Rules To Best Suit Our Interests

With power comes responsibility.

Being themselves masters of the universe from ca. 1500 - 2000 European calendar, Westerners very well understand in what privileged position the Global South now find themselves.

The Global South is now offered never before seen opportunities, and is busy building fantastic empires.

Really, the Global South countries are now saying, "we have the resources, the markets, the knowhow and everything else we need".

Consider that, Western countries are now disappearing from the list of

===> the top trade partners of most countries,

and also from the list of

===> the biggest countries and economies:

https://pbs.twimg.com/media/F3PEbDtXEAAXBer?format=jpg&name=large

https://pbs.twimg.com/media/F00TdrQWAAIqT-g?format=jpg&name=large

25 Comments
2024/11/06
09:08 UTC

46

Is the European apocalypse approaching?

With the war in Ukraine getting worse, Putin will cut off their natural resources, which will increase their prices and ruin Europeans' wallets.

Also, Europeans will have to increase spending on defence, seriously affecting the budget for other services and causing an increase in taxes.

And as one user told me, this will make Europeans incapable of having a home and starting a family, which will collapse Europe demographically.

A continent without young people and without money is a continent without a future and ruined.

Is this the end of Europe?

109 Comments
2024/11/06
08:12 UTC

0

Who will pay the tariffs?

So who pays the tariffs?

127 Comments
2024/11/06
06:03 UTC

149

CNN exit polls collect data on what we already felt.

I apologize for fast assembly of the collage. Hope it is informative

231 Comments
2024/11/05
23:44 UTC

0

Anyone in America who tells you Trump will be better for our economy needs this!

32 Comments
2024/11/05
22:10 UTC

694

Ok Larry Fink himself is saying this. We can all agree it’s official that everything is a scam right?

174 Comments
2024/11/05
21:47 UTC

502

Only 38% of registered voters see the condition of the U.S. Economy as good.

400 Comments
2024/11/05
21:25 UTC

5

job market

I’ve seen some videos recently and news on how the computer science job market is heavily saturated and most people are struggling to get jobs. Like you have to stand out immensely to get a good job. It’s getting popular and I think everyone knows that comp sci is over saturated now so many probably won’t go into it. I’m a junior and i’m planning on doing engineering, do you think engineering is gonna get over saturated too? I don’t want to risk anything like what’s happening over comp sci for future me.

7 Comments
2024/11/05
20:39 UTC

0

If you are still not sure. This will help!

28 Comments
2024/11/05
16:50 UTC

5

Let’s gooooo

1 Comment
2024/11/05
15:59 UTC

128

For some of us, the housing crisis is more than an abstract concept; it's an existential crisis.

For some of us, the housing crisis is more than an abstract concept; it's an existential crisis.

I was born in California.

In 2000, at the age of 20, I rented a studio apartment in LA for around $600/mo. It consisted of a bedroom with a bathroom at the back, which had been separated from a larger apartment to make an additional unit. Other expenses included utilities, groceries, and fuel for the daily 2 hour (roundtrip) work commute. I worked full time as an Admin Assistant for ~$12/hr.

In 2004 I moved into a studio in SF at a cost of $775/mo. This was converted from a section of the garage in the basement of a complex, and consisted, like the other, of a bedroom and bathroom. Other expenses included utilities, groceries, and fuel for the ~90 minute work commute. I worked full time at a mail and copy shop for ~12/hr.

In 2005 I moved to a 1 bedroom apartment in a small city. For the same price of $775/mo I received a designated covered parking space, a bedroom with separate lounge and full kitchen, as well as access to a small patio and shared green space. Other expenses included utilities, groceries, and fuel for the ~1 hour commute to school/work. I afforded this through a combination of part time work in website maintenance at $12/hr and student loans.

In 2010 I was no longer receiving college aid and had insufficient wages to cover costs, so was forced to relinquish my rate-locked apartment, which was rented out at over $1K upon my departure. I rented a privately owned rv trailer for $600/mo before utilities and worked full time in web retail at $14/hr, with a ~2 hour roundtrip commute.

In 2015 I was admitted to university and had to leave work to attend, but became eligible for student loans again, which enabled me to afford a privately owned 1 bedroom apartment offered below the market rate for $995/mo, ~30 miles outside the city. Due to the heavy workload and arduous commute, I spent little time in social activities outside class.

In 2017 I graduated. With no job lined up, I moved back in with my parents who lived in the mountains. The only work I could find there was in hospitality at a high-end resort for a rate of $15/hr.

In 2022 I took my savings and moved to the UK where I rented a 1 bedroom flat for ~$650/mo + ~$100 for utilities. I worked part time at the library for ~$15/hr (which was the only place that would hire me on a visa), rode public transit and shopped at the discount grocer, Aldi. I survived on roughly $1K per month, working 16.5 hours per week.

In 2024 my visa expires and I'm forced to return to California, where the average monthly cost of a studio is ~$2300 and a 1 bedroom apartment is ~$2800. Minimum wage is currently $16/hr which, working 40 hours per week, would barely cover a 1 bedroom apartment before we even talk about additional living costs. And since income is usually required to be ~3x the monthly rent, a full-time minimum wage worker wouldn't be eligible for consideration, regardless.

In over two decades, the cost of an apartment has more than tripled, but my hourly wages have increased $4.

Is Rent Control not the answer? Fine. But employers can't or won't pay wages at a rate in line with cost of living and "building more apartments" has done nothing to resolve this gap, either. Low income flats still demand over $1k/month, take years to come off waitlists, and (rightly) prioritize families meaning an individual is never going to receive an offer or, if they did, be able to afford even that on a single income. Which forces people to remain indefinitely dependent on family, continue living in dorm-style cohabitation, or become homeless.

For those of us who are no longer willing to remain a burden on family and have no mature adult friends available with whom to cohabitate, homelessness seems increasingly inevitable. Having worked in the library with a clear view of the toll that homelessness takes on physical and mental health, this makes even more final solutions seem increasingly reasonable. So when I say that this is not an abstract, philanthropic point of moral concern but an urgent existential crisis, I am not merely being hyperbolic. Although not yet on the streets, it feels as though we've already been consigned to the trash heap, branded a demographic of "not-good-enoughs" and slotted for a slow-moving population purge.

Researching this issue, reading the tidal wave of richly-funded arguments, based on studies predominately limited to before the pandemic, which lambast rent control each and every election cycle without ever proposing a novel solution, feels like insanity. Since rent control has long-since been dismissed as ineffective by wholesale — the arguments have all been made — it feels as if this "correction" is a red herring, trotted out each time to give the appearance of an attempt while distracting from the glaring vacancy of any real effort. A binary choice between a narrow form of rent control and incentive to construct are presented as the only possible means to mitigate this amplifying human crisis.

And truth be told, bulldozing every available scrap of land during a climate crisis in order to cram as many people as possible into brutalist dwellings together until there's no place left to build... while anything that promises to meet a person's intangible needs, like light and quiet and green space, would be identified as a luxury dwelling for the wealthiest... doesn't sound like a way out of hell. But I digress.

If killing rent control to stimulate construction is the foregone conclusion, then do it and stop staging these pointless debates that are dead on arrival. Stop dangling solutions that aren't solutions, and give us some reason to hope. Or stop pretending that you believe life is equal, and everyone deserves the same opportunities. Stop pretending that "more housing" is all it's going to take to save the lives of the swelling numbers of us finding ourselves on the edges of society while salaried politicians and real estate moguls sit in their high houses and toast to their latest success.

55 Comments
2024/11/05
15:40 UTC

0

Why Tariffs will be good for Americans to impose on the world especially China?

Let me help you understand the common arguments made in favor of US tariffs on Chinese imports. I'll focus on presenting the key economic and strategic reasoning typically used to support this position:

  1. Manufacturing and Jobs
  • Tariffs can encourage companies to relocate production back to the US
  • This potentially creates more American manufacturing jobs
  • Helps rebuild domestic industrial capacity
  1. National Security
  • Reduces dependence on China for critical supplies and technology
  • Protects sensitive industries like semiconductors and telecommunications
  • Maintains domestic manufacturing capabilities essential for defense
  1. Trade Practices
  • Addresses concerns about unfair Chinese trade practices
  • Provides leverage to negotiate better trade terms
  • Helps balance the trade deficit with China
  1. Economic Benefits
  • Generates revenue for the US government through tariff collection
  • Can help protect American intellectual property
  • May incentivize domestic investment in R&D and manufacturing
  1. Strategic Competition
  • Strengthens America's economic position relative to China
  • Reduces China's ability to use economic leverage against the US
  • Supports allies seeking to diversify supply chains away from China
41 Comments
2024/11/05
14:40 UTC

21

Watching Over Workers: The Evolution of Employee Surveillance

Over the years, companies have spent more and more money on systems to watch their employees. In the early 2000s, these tools were basic, mainly checking internet and email use. By the 2010s, the market grew as the need for data security increased. In 2017, the global market for employee monitoring was worth about $487 million. The COVID-19 pandemic made this grow even faster, reaching around $1.12 billion in 2021. This surge was due to the sudden shift to remote work, which required companies to quickly implement monitoring tools. By 2023, the market value dipped to $535 million as many companies had already made significant investments in 2021 and didn’t need to buy as much new software. However, the overall trend is upward, with the market expected to grow to $1.47 billion by 2032. This growth is driven by new technologies like AI and machine learning, which help keep track of productivity and security.

Besides software, companies also spend a lot on video surveillance. In 2020, the global market for video surveillance was worth $45.5 billion and is expected to reach $74.6 billion by 2025. This includes costs for cameras, storage, and video management software. By combining both types of surveillance, companies spend a lot to protect their assets and ensure safety. However, these systems can also affect how employees feel about their privacy and trust in the workplace.

George Orwell, in his famous book “1984,” warned about a future where people are constantly watched. Today, with the rise of surveillance in workplaces, his predictions have come true. At the same time, the dollar has lost a lot of its purchasing power, meaning money doesn’t buy as much as it used to. This economic pressure pushes companies to get as much as they can out of their resources, including their employees.

6 Comments
2024/11/05
14:39 UTC

0

Scale aside, this is troubling data

38 Comments
2024/11/05
12:07 UTC

0

If Harris wins tomorrow....

I want all of you Harris lovers to post what you love so much about Harris so we can revisit this post in four years and see how trashed our country is if she gets elected.

Let's see...

  1. How higher home prices are
  2. How much things cost
  3. Current mortgage rates
  4. Our current GDP to debt ratio
  5. If imigration is under control
  6. War
  7. More federal control pr more state rights
  8. Higher taxes

So post your comments all you Harris lovers!!!

86 Comments
2024/11/05
03:52 UTC

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