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The top quintile makes up a disproportionate portion of total consumption, so 1 laid off high-earning worker can have more second-order effects than 1 laid off
by 88913527 3y ago
The top quintile makes up a disproportionate portion of total consumption, so 1 laid off high-earning worker can have more second-order effects than 1 laid off middle-quintile earner.
- lotsofpulp 3y agoMaybe. Or more people in the bottom quintile earned more, and hence were able to consume more (in aggregate) to offset the few in the top quintile that are consuming less.
- dragonwriter 3y ago> The top quintile makes up a disproportionate portion of total consumption, They also have mich bigger savings cushions on average and can go through disruptions with little change to consumption.