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> That means it's utterly impossible to make a product for lower income people unless it's really really good. The flip side is that products targeted at poor
by roenxi 2y ago
> That means it's utterly impossible to make a product for lower income people unless it's really really good.
The flip side is that products targeted at poor people are actually amazing. Something like a cheap grocery chain involves logistic and technological capabilities that were unachievable through most of human history. And the price points society hits for things that are effectively magical are absurdly low.
The default expectation for someone who can lift heavy objects or maybe do some cleaning would be that they can scrape together just enough food to survive. But the modern economy is so optimised at the low end that most people can actually achieve a pretty reasonable standard of living on very questionable levels of productivity, skill and ability. Although not luxurious by modern standards, obviously.
- KingMob 2y ago> products targeted at poor people are actually amazing. > pretty reasonable standard of living This is a deep misunderstanding of what constitutes progress and a reasonable standard of living. Modern TVs and phones are great, sure, but they're an order of magnitude smaller than big-ticket costs like housing and education. Combined with real wages being stagnant since the 70's, most Americans have seen their standard of living decline.