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Showing posts with the label Low-wage

(5l) Reversed poverty

Unfortunately but statistics show I'm not talking nonsense. The poverty division in Western society starts to reverse: pensioners now live a good old age as their poverty likelihood goes down. This is because they lived in the golden time, in general from mid 60s until about the 90s when they could afford relatively cheap houses while both parents worked to maintain smaller families so they could save in pension funds that didn't exist before but also in normal savings and even invest in shares during periods that stock exchanges made big profits because of the appearance of all the new technologies. An example. I remember a time when houses costed between 1 and 4 million Belgian francs, i.e. between 25 and 100 thousand euros as many people don't realise how "cheap" (although with high interest on the mortgage to repay) because of the new current in the EU. Today, people have to search hard to find something that costs only 100 thousand euros and in cities even ...

(5k) Generational conflict

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I think the article  is correct about a growing division between younger versus older generations, partly because the quick changes in our society take many by surprise so many can still not understand what's happening and feel left behind . Further, societies become more unequal and this angers people. And thus, I fear this generational conflict may be hard to resolve and may further intensify. Indeed, previous generations fought hard for social improvements for ordinary people in a time when people were sometimes still almost property of employers and few could afford to buy their own house while pensions but also other social benefits such as access to healthcare were almost nonexistence. Then a time arrived when it was normal to have access to social benefits such as accessible good healthcare while people earned sufficient to be able to live a good life that included luxurious items such as traveling. And now, the younger generation demands changes to e.g. the pens...