A Boring Dystopia

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Americans feel more and more glum, data shows. Economists are over it (www.usatoday.com)

submitted 6 days ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] CurlyWurlies4All@slrpnk.net 5 points 5 days ago

"If we got into a world where 90% of the spending was done by 10% of people, we have to think about what does it mean for overall GDP (gross domestic product) growth and what is it going to mean for overall employment," Goolsbee said.

I love how the article felt the need to acknowledge this reality but then completely avoids interogating it, when already the Top 20% are responsible for 60% of spending.