4 ms·
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
by 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 agoSo 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 agoThat 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 agoNo, but you might buy that $1200 iPhone instead of the $400 model.
- ClumsyPilot 6y agoOkay, how large % of your total expenditure is iPhones? do you buy them weekly?