The most affluent consumers account for a bigger share of total US spending, reinforcing the lopsided dynamic of unbothered consumption for the wealthy and more cautious shopping for everyone else.
The most affluent consumers account for a bigger share of total US spending, reinforcing the lopsided dynamic of unbothered consumption for the wealthy and more cautious shopping for everyone else.
This is why malls either die or become luxury outlets.
I dunno how they expect to keep any kind of economy when the vast majority have no money to spend.
We should remind them that our labor needs to be worth enough for us to spend that value, otherwise they’re in for a loss as well.
Let’s imagine it getting as lopsided as humanly possible. Imagine if 95% of the income is concentrated in 10% of the population. There could be just as much commerce om theory even if the other 90% have no medical care and are literally eating ramen and dying in the streets in the short term just with higher prices. Just virtually entirely in support of the few.
But wouldn’ that make everything more expensive as the economy of scale would fail? So they end up with hyper inflation?
New feudal overloads: “Seems about right!”