2 ms·
The American economy and GDP was driven by consumer spending (around 68%). Who knew if you offshored the jobs, pushed an ever increasing share of capital to hig
by _DeadFred_ 8mo ago
The American economy and GDP was driven by consumer spending (around 68%). Who knew if you offshored the jobs, pushed an ever increasing share of capital to higher tax brackets and away from consumers, and then started replacing consumer/workers with AI, that a consumer driven economy would drop off?
"U.S workers just took home their smallest share of capital since 1947, at least"
https://finance.yahoo.com/news/u-workers-just-took-home-214018586.html https://finance.yahoo.com/news/u-workers-just-took-home-2140...
And since our taxation system is also primarily worker funded (over 50%) and during times of loss businesses/capitalists can write off a ton of their share of the tax burden, we're in for a lot of pain.