WaldoStacker's avatar
WaldoStacker
waldostackjoiner@nostrplebs.com
npub1mvm0...sx77
Disrupt war. Liberate the bottom half. #Bitcoin (“plewbie” ~yellow). Editing @Stackchainmag
WaldoStacker's avatar
WaldoStacker 2 years ago
The last decades of the Gold Standard led to healthy YoY income gains for all groups. This is why a single earner could often afford to buy a house. Since then, the reverse has happened: gains have favored the top and left the middle and bottom behind. A #Bitcoin Standard can fix this. But until then, workers can still start saving long-term in bitcoin, combatting the rising prices of everything around them and the fact that wages are not keeping up image
WaldoStacker's avatar
WaldoStacker 2 years ago
Between 1971-2022, median wages have inflated 526% yet the dollar in this same time period has inflated 623% (BLS) Everyone in the bottom half of the income distribution who is saving in dollars is losing money faster than they can make it Saving in #bitcoin directly fixes this image
WaldoStacker's avatar
WaldoStacker 2 years ago
From 1979-2013, male workers below the 70th percentile experienced negative real (inflation adjusted) hourly wage growth. When nominal wages improve but life is getting harder, many don't know it's due to broken money. Saving in #bitcoin over time protects workers from this. image
WaldoStacker's avatar
WaldoStacker 2 years ago
If you didn't receive a 10%+ raise in 2022, you likely took on more debt to pay for life's necessities: food and energy. You can try to battle inflation with wages and debt, or you can start saving long-term in the hardest money in human history: #bitcoin  image
WaldoStacker's avatar
WaldoStacker 2 years ago
The home price to median income ratio is at its highest point in the last 50 years, even higher than the point preceding the GFC Workers below the median earner may feel they'll never achieve their dreams of home ownership Fortunately, long-term saving can fix this: #bitcoin  image
WaldoStacker's avatar
WaldoStacker 2 years ago
When wages in the bottom half do not keep up with inflation for things families need (BLS), they fall behind What is the psychological toll this takes? How does this impact polarization? #Bitcoin  is a tool to exit this losing game once and for all image
WaldoStacker's avatar
WaldoStacker 2 years ago
From 2007-2023 nominal average wages for all private employees has not kept up with a rate of 3.5%. When *official* inflation reaches 6-9% (10%+ for goods people actually need), the wage picture is much worse. More debt/work isn't the answer, but long-term saving is: #bitcoin image
WaldoStacker's avatar
WaldoStacker 2 years ago
In both the healthcare and higher education sectors, the number of administrators over time has increased up to 10x the number of doctors/professors. A #Bitcoin Standard can fix this, as waste and inefficiencies would be reduced. However, until then, families still need a tool to combat this and saving in bitcoin can protect them from falling behind over time. image