Mrkawfee@lemmy.world to Today I learned@lemmy.ml · 2 months agoToday I learned that the top 10% of earners in the US account for almost 50% of consumptionwww.morningbrew.comexternal-linkmessage-square16linkfedilinkarrow-up185arrow-down13cross-posted to: [email protected]
arrow-up182arrow-down1external-linkToday I learned that the top 10% of earners in the US account for almost 50% of consumptionwww.morningbrew.comMrkawfee@lemmy.world to Today I learned@lemmy.ml · 2 months agomessage-square16linkfedilinkcross-posted to: [email protected]
minus-squarerafoix@lemmy.ziplinkfedilinkarrow-up16·2 months agoThis is why so many products seem to be geared towards affluent people. Business are going after less sales with much higher margins.
minus-squaremonotremata@lemmy.calinkfedilinkEnglisharrow-up5·2 months agoI’ve seen the term “plutonomy” (like, an economy for plutocrats) to refer to this. At this point almost all economic activity involves the rich, because the rest of us don’t have enough money to amount to much.
This is why so many products seem to be geared towards affluent people. Business are going after less sales with much higher margins.
I’ve seen the term “plutonomy” (like, an economy for plutocrats) to refer to this. At this point almost all economic activity involves the rich, because the rest of us don’t have enough money to amount to much.