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demand media for example gets unsavvy people to produce economically useful content. if 99 percent of people are poor, the price of constrained things such as
by marshallp 17y ago
demand media for example gets unsavvy people to produce economically useful content.
if 99 percent of people are poor, the price of constrained things such as real estate,food,energy will still drop to floor as the rich 1 percent can't consume a significant enough chunk of it
that's also a risen for the currnet economic crisis, people assumed that even though the median wage hasn't increased for 30 years, house prices should keep going up anyway,