• Phoenixz@lemmy.ca
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    36 minutes ago

    If you worry about that, wait until you see the current AI slaughter

    I’m in the tech sector looking for a new job

    300+ resumes sent so far, got a single intro call

    5 Tara ago I had more calls than resumes sent, as recruiters picked up. Now? nothing

    If I lose my current job, I’ll basically have the option to become homeless or move to another country

    Fun times

  • bitjunkie@lemmy.world
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    2 hours ago

    This is already happening. Every store in my vicinity has people who look like they should be spending time with their grandchildren doing menial service jobs.

  • Phoenixz@lemmy.ca
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    38 minutes ago

    Well this has been happening for decades already so its not that hard to figure out how that will look like

    Just look at the US

    Tent camps on parking places, that sort of stuff

    • MehBlah@lemmy.world
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      2 hours ago

      That may be bold but the idea that there will be a thirty year wait for that to happen is simply childish.

  • febra@lemmy.world
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    6 hours ago

    That’s why the western world is racing towards fascism.

    It’s either socialism or barbarism, as Rosa Luxemburg put it.

    The less sustainable this economic model becomes, especially now that the overexploited nations of the Global South start emancipating themselves and the fruits of imperialism become fewer and fewer, the more state mandated violence will have to be exerted upon us by the capitalist class to keep us from organizing against them.

    There will be no retirement plans for most of us. We will die working. Those that will refuse to work themselves to death will be criminalized or slowly killed by the powers that be (existing as homeless is already virtually illegal). Those that are caught living in illegality will be put in prisons and will be loaned out to companies as prison labour (already legal in the US).

    That is if we don’t die in another Great War just to resuscitate the powers of the empire over the Global South.

  • mojofrododojo@lemmy.world
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    6 hours ago

    oh it’s gonna be a lot sooner than 30 years.

    The vast majority of genx have had their retirement savings raided over and over again. 2000, 2009, covid, now - each saw people raiding their retirement to make ends meet short term. It used to work in a 'well, we pull funds out of this now but we’ll be more diligent saving when times are good - "

    the good times for most folks rarely came back. I know people in their late 40s and 50s who have basically nothing, and with little hope to keep their head above water, much less pour massive amounts of their income into making up for lost savings.

  • isleepinahammock@lemmy.blahaj.zone
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    12 hours ago

    Long term, I predict a violent revolution of the young overthrowing the tyranny of the old.

    Aging societies tend to divert resources from the young to the old. People vote for their own interests. When retirees outnumber parents, more money goes to retirees and less to kids. This lowers the birth rate even more and continues the spiral. In increasingly aging societies, young people face the prospect of having to pay a lifetime of ruinously high taxes (far higher than their elders did) to pay for the retirements of the old that outnumber them. And they’ll do this knowing that they themselves will never have a retirement of anywhere near the quality of the retirements they’re being taxed to death to fund.

    Long term, we’re entering a very dangerous situation in developed countries. We have a trifecta of three dangerous conditions:

    1. The young will be ruinously taxed to fund retirements of existing elderly, a retirement far more generous than they will ever receive.
    2. The young will be completely shut out of political power due to being outnumbered by the old.
    3. The young are the only ones actually capable of fighting in a war.

    These are the conditions that historically brew revolutions. People take up arms typically when they see no hope for the future or feel they have nothing to lose. The young may not be able to outvote the old. But they certainly can outshoot the old.

    • grrgyle@slrpnk.net
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      1 hour ago

      As someone on the downswing of this seesaw, I welcome a rebalancing.

      I think a big issue for working class folks who can even afford to prep for retirement is we don’t know how much we’ll need. And basically the fewer rights and social safety nets you have, the more money you need to attempt to insulate yourself from the ravages of capitalism.

      If we had more socialist policies to keep everyone relatively comfortable even the poor, then working people wouldn’t have to be so mercenary about building their nest egg (which will never be big enough to be totally safe anyway).

  • Wilco@lemmy.zip
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    14 hours ago

    Im guessing prison would make a decent retirement plan for many. Make a game of it to see how many billionaire pedophiles you can take down before they catch you. The “retirees” may even luck out and get a jury that gives a “not guilty” verdict and can then make money off a book deal or something.

      • Wilco@lemmy.zip
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        5 hours ago

        There are no serious answers aside from those involving guillotines. The 1% have spent billions of dollars and decades getting things exactly how they are. Anyone that thinks voting or changing a policy will do any good is truly living in a fantasy.

  • Zedd_Prophecy@lemmy.world
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    15 hours ago

    In 30 years? Its happening now to anyone that ever had a medical emergency or a layoff . I think the administration just made it easier for people to borrow against their already meager retirement

    • Pumasuedeblue@sh.itjust.works
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      7 hours ago

      I’ve been laid off four times in 30 years of trying to have a career. I will never live to see myself get out of debt, let alone save anything to retire.