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You don't need an educated workforce if you have machines that can do it reliably. The more important question is: who will buy your crap if your population is
by tsss 11mo ago
You don't need an educated workforce if you have machines that can do it reliably. The more important question is: who will buy your crap if your population is too poor due to lack of well paying jobs? A look towards England or Germany has the answer.
- wing-_-nuts 11mo agoThe top 10% of households already account for more than half of consumer spending in the US
- akavi 11mo agoHmmm, that doesn't seem right. I'm having a hard time finding an actual consumption number, but I am confident it's well below 50%. The top 10% of households by wage income do receive ~50% of pre-tax wage income, but: 1) our tax system is progressive, so actual net income share is less 2) there's significant post-wage redistribution (social security/medicaid) 3) that high income households consume a smaller percent of their net income is a well established fact.
- wing-_-nuts 11mo agohttps://www.marketplace.org/story/2025/09/17/top-10-of-earners-make-up-half-of-us-retail-spending https://www.marketplace.org/story/2025/09/17/top-10-of-earne...