3 ms·

It's not all about productivity. Who is going to buy the new iPhone, or the new car, or an XBox?

• bottled_poe 6y ago
  That’s easy - the ones with the money. If the wealth divides, so will the product offferings from those companies. A bit of an inconvenient truth for many of us.
  • koonsolo 6y ago
    So that implies that when companies keep the same revenue, their offering will become more expensive (Nobody needs 5 iPhones). This also implies that the ones that are able to buy an iPhone, will pay significantly more for it. Which will make the ones that can afford it even more narrow. There is something wrong with the reasoning that losing a big part of the market has no influence on companies and consumers that are still able to afford things. This impacts everyone, there is no question about that. Maybe some more than others, but everyone will feel it.
  • ClumsyPilot 6y ago
    That makes no sence, many demands are not elastic. You are bot going to buy 10x mor macbooks, shoes, and baking powder if you are 10x wealthier.
    • brewdad 6y ago
      No, but you might buy that $1200 iPhone instead of the $400 model.
      • ClumsyPilot 6y ago
        Okay, how large % of your total expenditure is iPhones? do you buy them weekly?
• Cthulhu_ 6y ago
  The people in the newly wealthy countries like China of course.
  • ClumsyPilot 6y ago
    But the same process can happen there. Then what?
    • Spellman 6y ago
      You're retired as a CEO with plenty of investments by then