Mrkawfee@lemmy.world to Today I learned@lemmy.ml · 21 hours agoToday I learned that the top 10% of earners in the US account for almost 50% of consumptionwww.morningbrew.comexternal-linkmessage-square17fedilinkarrow-up184arrow-down13
arrow-up181arrow-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 · 21 hours agomessage-square17fedilink
minus-squarerafoix@lemmy.ziplinkfedilinkarrow-up16·17 hours 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-up5·11 hours 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.