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The amount of consumption is largely dependent on income level. There's a recent study from Moody's that says that in the US, the top 10% income bracket now accounts for roughly half of consumer spending. As wealth inequality continues to worsen, it makes more and more sense to solely target high earners because you make the same or more as selling higher amounts of lower priced product but with less overhead.

by rayiner24 minutes ago|

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> As wealth inequality continues to worsen, it makes more and more sense to solely target high earners because you make the same or more as selling higher amounts of lower priced product but with less overhead.

This is exactly why everything like Disney has moved upmarket, with pricing rising far above inflation.

by xenadu028 minutes ago|

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It works right up until some form of revolution, either politically or violently. We are far from anything like that but I'd rather not get close to the line. I think I'm a minority view though, despite being in the top 10% myself.

It is also shocking how little my life compares to the rich people I see. I don't own two houses or a yacht. We don't take yearly vacations to a chateau in France. The gap between the top 10% and the top 1% is insane. The gap between the 1% and the 0.1% is even larger still.

But hey... not like the rich getting richer and saying "screw you" to everyone else has ever led to negative consequences right? Nothing to see here, business as usual.

by ninglor1 hours ago|

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This sounds like you are deriving an is from an ought.

Is it not conceivable that we won't find a way to do so, and that consumption and economic activity will ultimately decline?

by Hamuko1 hours ago|

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Everyone wants seniors, nobody wants to train juniors.

I imagine this is gonna continue to be true, except that "everyone wants consumers, nobody wants to employ people".