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I write this on a lot of threads, but it’s likely another intended consequence of the Covid madness. Millions of people were pushed out of their jobs and eithe
by benjaminwootton 4y ago
I write this on a lot of threads, but it’s likely another intended consequence of the Covid madness.
Millions of people were pushed out of their jobs and either can’t get back in, or choose not to and decide to cut their cloth accordingly.
The shutdowns and restrictions also killed a lot of materialism and led people to live cheaper and simpler lives etc with lower spend.
Then we have the inflationary effects of the money printing reducing the value of the cash people do earn and pushing things like houses further away from reach.
All 3 of the above apply to me some degree and I am also ambivalent towards working as a result.
Maybe these are all good things for the individual, society and the environment, but none are great for the economy.
- AstralStorm 4y agoAnd "economy" is important because rich people believe it is important. Or rather, it going austere reduces their passive income. Actual market is supposed to follow the trend and finally kill off the infinite growth myth.