4 ms·
I had a dream recently on this topic. Price of food inflating. And clothing too. And inversely housing prices dropping. And then it made sense to me. When the
by nashashmi 6y ago
I had a dream recently on this topic. Price of food inflating. And clothing too. And inversely housing prices dropping.
And then it made sense to me. When the cost of everyday goods go up, there is more money flowing in meager industries.
That means more money for the average joe. (Or it used to be before robot corporations overtook farming.)
And that means more concentration of resources for the normal guy. Which means smaller housing compared to McMansions. And smaller cost of living all around. The problem is that today’s large rich population become not so well off. And poor people hit a better standard of living.
Higher food prices may be a good thing.