Earlier quoted context omitted.
I was just going to write: >>"because everybody is BROKE?!?!" ...but I didn't want to offend anybody with `whining` [I'm an average net-worth, for my age, US blue collar worker]. ---- Here are my whines of thought: I think the thing many of my brothers (three multi-millionaires, I am not) fail to see at the moment is that the "bottom majority" is having an increasingly "really bad time" existance. Myself, I have zero…
As inequality grows, regardless of the mechanism, the proportion who benefit will decrease. The top 10% that benefited from the initial increase will find themselves on the wrong side of it as the process continues. I supply a low cost alternative software option so cost pressures on customers tends to improve sales so that helps a bit with recession resistance up to a point. Though more customers are choosing to do…
Absolutely. Outside of software, here is my simple dietary POV:
Last year, I gave up beef (chicken is less expensive).
Last spring, I planted my first garden (cucumbers, squash, peppers, strawberries).
Last week, I gave up chocolate (no alternative, so far).
I am a fat native blue-collar Texan, so this is ultimately a good dietary change — but terrifying for a consumer-based economy / society.