this post was submitted on 12 May 2025
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No shit sherlock.
But the decline in real (inflation-adjusted) wages is a broader phenomenon and not constrained to gig-works, and that's what deserves attention.
Background:
For years, inflation has been under-reported. Inflation should be measured mostly based on food-items, as the production methods don't change over time in these areas, so prices there (inflation-adjusted) should stay constant. But if you look at official inflation rates, they are much lower (approx. 1% annually). Since wages barely keep up with official inflation, they fall behind on "food"-inflation. And that principle is basically at the core of the current "cost-of-living"-crisis.
The basic issue is that wages are dropping because progress is ending. Progress creates demand for human labor, and that keeps wages up. Since progress worldwide is slowing down, that depresses wages. That's why we need fundamental reform, or revolution.
Or we need to find new progress. I'm all for mars settlement btw, just that many people here can't imagine it happening (yet). But we'll see.