Comment on Most of us are the bottom row to the billionaire's pyramid scheme.
Newsteinleo@midwest.social 3 weeks agoThat 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.social 3 weeks 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.world 3 weeks 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.