July 4, 2022

Loans

Its All About The Money

6 Money Myths Capitalism Implanted In Your Brain

13 min read

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In this episode, Chelsea dives into the various work and life myths capitalism has made us all buy into, from the importance of owning a huge house to the humongous CEO salaries we’ve come to expect.

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Sources:

40-hour workweek:
https://www.npr.org/2021/11/05/1052968060/how-the-40-hour-work-week-became-the-norm
https://www.businessinsider.com/history-of-the-40-hour-workweek-2015-10
https://www.bbc.com/news/business-57724779

"Poor people are lazy":
https://www.hks.harvard.edu/research-insights/policy-topics/social-policy/debunking-myth-lazy-welfare-recipient
https://www.theatlantic.com/business/archive/2018/03/welfare-childhood/555119/

Childhood and Intergenerational Poverty: The Long-Term Consequences of Growing Up Poor

Healthcare:
https://www.oecd.org/unitedstates/health-at-a-glance-united-states-EN.pdf
https://thehill.com/blogs/congress-blog/healthcare/484301-22-studies-agree-medicare-for-all-saves-money

Pharma Campaign Cash Delivered to Key Lawmakers With Surgical Precision

CEO compensation:
https://www.cnbc.com/2021/09/15/in-2020-top-ceos-earned-351-times-more-than-the-typical-worker.html
https://www.weforum.org/agenda/2021/07/ceo-diversity-does-it-explain-ceo-to-employee-pay-ratio/
https://ips-dc.org/the_self-made_hallucination_of_americas_rich/

Unions & productivity:
https://www.bls.gov/news.release/pdf/union2.pdf

Is your business struggling with the labor shortage? Consider a union


https://academic.oup.com/ej/article/130/631/1898/5824627

House poor Americans:
https://www.rocketmortgage.com/learn/house-poor
https://www.consumeraffairs.com/finance/what-is-house-poor.html

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