undefined

points

[-]

Real household median income in the US has risen by more than 25% since 1996, largely driven by technology built for and by the ecosystem you want to pull out by the roots.

https://fred.stlouisfed.org/series/MEHOINUSA672N

That would be a staggering cut to everyone’s standard of living.

by upboundspiral27 minutes ago|

parent|

[-]

assuming 2% inflation over 30 years, that means that a dollar in 1996 is now worth $1.81. 80% depreciation versus 25% increase in income is not comparable.

The wealth inequality in the past 30 years has dramatically shifted in favor of the ultra rich.

Technology has been used to create illegal monopolies -> too big to fail -> surely we can't / don't need to regulate this -> tech companies get away with murder and laugh all the way to the bank.

A company like Meta could finesse their algorythms to bias people against antitrust action and you would never know.

To repeat the talking point of tech companies that "technology has helped us, therefore we should not regulate it in any way" is to accept the premise of people that spend every waking hour of their day figuring out what they can get away with to screw you over.