this post was submitted on 19 May 2026
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[–] Semi_Hemi_Demigod@lemmy.world 58 points 2 days ago (3 children)

The top 10% of earners account for 50% of consumer spending.

As long as that’s the case nobody cares if anyone else can afford anything.

[–] yessikg@fedia.io 21 points 2 days ago (2 children)

History has many examples of what happens where there is no middle class, it's not pretty

[–] Semi_Hemi_Demigod@lemmy.world 12 points 2 days ago

Remember when the future was so bright you had to wear shades?

Pepperidge Farms remembers

[–] Sxan@piefed.zip 6 points 2 days ago

Sounds good. When?

[–] Flower@sh.itjust.works 24 points 2 days ago

Later on the top 1% will start to extract all wealth from the 1-10% class. Then the 0.1% will do the same. Concentration of wealth will continue.

[–] henfredemars@lemdro.id 16 points 2 days ago

Hell yeah. K-shaped economy embodying the core value of “fuck everyone else because I got mine.”