The most affluent consumers account for a bigger share of total US spending, reinforcing the lopsided dynamic of unbothered consumption for the wealthy and more cautious shopping for everyone else.
alexa whats a K-shaped economy
Once again, you cannot have a consumerist society where the average consumer cannot afford shit.
I’ve been saying this for years. Seems like nobody listens.
Only buy from local businesses this holiday season.
And before you spend your money locally, find out if the business supports maga. Not one cent should ever go to a maga business.
Spending blackout against fascism.
Coincidentally, while walking through the grocery stores I find myself gravitating towards the cheaper lower-quality mass-produced food of my childhood.
Sadly, some of that lower quality stuff has become legit dogwater. The modern Hamburger Helper is disappointment in a box. A storebrand “lasagna skillet meal” is childhood joy these days.
You don’t need that garbage any way. Just buy egg noodles or lasagna.
My shoes have holes in them and i use instant coffee and eat rice & beans most days. I havent been to a salon in 4 years. I cant afford the fruits of my own labor and im on medicaid. I work a skilled union job. They told me i should apply for unemployment when it gets slow.
I’ve gotten fairly skilled at mending my own cloths as of late. And fixing my shoes.
By “skilled” I mean I can keep my junk from flapping in the breeze, which IMO is good enough.
It’s getting rough out there, and I can’t afford to buy that shit now. Thread is cheap, sewing needles are cheap, and extra fabric is easy AF to come by.
Yeah, i mend my own shoes and clothes as needed already. The shoes have holes in the upper “sock” bit, otherwise id use shoe goo or something
I guess casual nudity can become the fashion trend. “Food or clothes? Pick one.”
Sorry folks but im not so keen to spend without an income.
That doesn’t concern them too much.
The Ultra Wealthy basically.
This is a repeat of ancient Roman history.
The wealthy elite became so wealthy that they could insulate themselves from the rest of the country and economy … they had so much money that they could make, produce and build everything they needed for themselves … while the rest of the world degraded and fell apart.
And as soon as enough of the world and it’s people fell apart and became a lawless land … everyone started attacking one another, especially the insulated wealthy elites.
We’re on our way now folks … if I don’t see you in the future hellscape, my ghost will.
I can’t wait til we start drinking water from lead pipes and slowly got deranged as a community.
I can’t wait til we can strike fear into their shriveled little hearts.
This is why malls either die or become luxury outlets.
I dunno how they expect to keep any kind of economy when the vast majority have no money to spend.
We should remind them that our labor needs to be worth enough for us to spend that value, otherwise they’re in for a loss as well.
Let’s imagine it getting as lopsided as humanly possible. Imagine if 95% of the income is concentrated in 10% of the population. There could be just as much commerce om theory even if the other 90% have no medical care and are literally eating ramen and dying in the streets in the short term just with higher prices. Just virtually entirely in support of the few.
95% of the income is concentrated in 10% of the population
New feudal overloads: “Seems about right!”
Just invest more in advertising, that’ll fix it.
As someone who works in marketing, I support this decision
the rest of us literally don’t have the money to ‘spend’ anymore.
I just want to buy a new pepper grinder. I have 20 years of adult poverty to make up for.
this is me. so many little things I would really like but I cannot spend on anything not a necessity. I would really like some new tiles so that I can find my keys if I misplace them.
Mmm fresh ground pepper! Is there one that you have your eye on? Lol
No prospects at the moment, my crappy old one still kind of works.
And this is going to suck for the American economy.
A large part of the economy is built on providing goods and services to all members of the economy. The economy is going to suck when half of it can’t afford to spend.
If capital wants me to spend money, they have to pay me some first.
I’m not an overgrown child that needs to have the latest iphone and every meal delivered or whatever. I’ve got a public library and comparably cheap food I can cook myself.
Capital is saying they no longer need you. Capital can now sustain itself through the consumerism of the top 10%. Everyone else will get labeled as excess humanity.
lol, I stopped consuming during the price gouging when COVID happened. I saw the greed and just… stopped. screw their cheap shit. it’s not that I can’t afford it, I actively refuse to keep buying stuff and watch it break in 6-8 months needing to buy it again.
I’m just living humble by choice now
I haven’t been shown a product worth buying since 2016.
New game console? Its library is trash and your live service model only gets worse.
New computer? For what?.. to do what? Am4 loads Firefox up just as well as Am5.
New car? Drive an Si, and it’s from 2014, check back in 2034.
I’m not buying a damn thing but clothes and food until something breaks. I’m not even politically motivated, I’m just piss-bored of Ai nothingburger products and aenemic hobby scenes because billionares own everything and they ground it all down to dust.
Preach. Anything you buy that was made in the last 5-ish years is riddled with ads and/or requires a prescription service to even use. And that includes luxury cars. Everything has been fucked to hell.
this is exactly my thought too. I am only replacing, and buying food. I am in the market for a guitar but those aren’t typically made with obsolescence in mind plus they can be repaired which goes into a local persons labour which I am also ok with.
but yes, everything is just… why… it’s so saturated with junk that I’ve checked out completely.
This is one thing that those supporting runaway capitalism don’t seem to understand. Money ultimately flows up. It relies on a bunch of people closer to the bottom to start that flow. The more people taking part, the better. Each consumer can put in a little if the number of consumers is high.
If market prices go up so far that the people at the bottom can’t initiate that flow, then the system fails. Money doesn’t flow at all, and those at the top start taking losses. Dominoes fall. The system needs consumers to be able to afford goods. It’s one reason why prices cannot just go up until the end of time. You can’t squeeze blood from a stone.
But so many of these rich folks now are under the impression that money just flows in without understanding from where. Prices just go up, as if it were an infinite money glitch. These people will eventually have an awakening.
This is one thing that those supporting
runawaycapitalism don’t seem to understand.I feel that it’s been pretty well demonstrated that all capitalism is runaway. It may take decades, but it will run away, get out of control, and eat itself. It’s the nature of the beast.
This is one of my economic reasons for progessive taxes even with corporations and investments. If its progressive the richer you are the better you have to be to keep making the same amount of profit. Rich people have to be smarter, larger corporations have to be more efficient, investments have to be sensible. All our tax cuts have resulted in idiots at the highest levels. Pro baseball should not be playing t-ball. The farther you go the harder it should get. The first million should be the easiest.
That is altogether too damn sensible to be accepted by anyone.
I wonder if this chart has anything to do with it.
And if the point isn’t immediately obvious, there’s an easy to miss little yellow line at the bottom of the chart that represents the combined wealth of half the US population.
Good thing we’re burning down fundamental government services, destroying our future and adding trillions to the national debt to fund tax cuts for those one percenters, huh
We’re already speeding towards the cliff with our eyes closed, they might as well light the car on fire.
It’s going to trickle down!
