4 ms·
Low wages, high inflation, general financialization of everything resulting in more people working or working multiple jobs to keep their heads above water. Mu
by markburns 4y ago
Low wages, high inflation, general financialization of everything resulting in more people working or working multiple jobs to keep their heads above water.
Much less expendable income means economic contraction.
- D_Alex 4y ago>more people working or working multiple jobs This should cause the opposite of a recession, no? More people working --> more GDP, right?
- markburns 4y agoJust working more to afford necessities isn't the same thing as putting money back into the economy. Less disposable income across society means lower economic activity.