I may have seen this before and it popped back up in the shower, not sure.

  • HubertManne@piefed.socialEnglish
    12·
    2 days ago

    I saw a youtube video where they claimed consumer spending by regular folks was so small its not longer the driver of the economy and its a combination of well to do spending and corpo spending that are driving things. Their point was what the regular person was doing economically was becoming less and less relevant. Its kinda tough to get data to verify if that is true or not. They talk about sources but they are bought data sets.

    • Newsteinleo@midwest.socialEnglish
      4·
      1 day ago

      That is wild, but it makes sense. Staples isn’t really interested in me buying a pen, and I am guessing the average person does not use a pen that often anymore. However, Staples is really interested in getting a contract with my employer to make sure the office is well stocked with pens, paper, and other office supplies. Depending on how distribution works, it is possible to sell less pens and make more money. If all the pens go to the same three companies that could be cheaper then shipping pens to 15 different stores.

      • HubertManne@piefed.socialEnglish
        2·
        1 day ago

        I think his point was they no longer care so much if people can afford things to live. It effected their well being pretty immediately before but now its so detached that by the time we care it will be really bad. Again though you have to sorta trust the data from the guy. I tried some searches but general consumer spending seems the same to me.

        • CheeseNoodle@lemmy.worldEnglish
          2·
          1 day ago

          This is my worry for how the world ends, eventually the rich people automate everything and fictionalize the entire economy to the same extent as the stock market, no one can buy anything but line must go up so production numbers must increase and we just end up with piles of random products all over the place (guarded by drones of course, can’t have the poors actually using them) like a corporate driven version of the paperclip maximizer only even more bleak.

  • BackgrndNoize@lemmy.world
    8·
    2 days ago

    Yeah this has always how it’s been throughout human history. Democracy just gives a fake veneer of a system that’s fair and equal where everyone gets a say in how things get run, but the system works for the rich by taking from the poor. The only power we have is collective action and solidarity, but people are divided fighting each other over petty bullshit. Funny I come across this post after watching good fortune lol