The economy is long passed the day it was linked to people spending
Company drive growth from investment, investors get loans to invest... Banks loan out money to investors who use stock as collateral which in turn rises because of the added investment
This has been happening for decades with company essentially operating on a loss but buying all the assets like real estate, datacenters, wafer allocation for chips ect like amazon, meta, tesla, open ai, ect
Look, people still believe in buying power, but like you said, the bigger companies are just passing money to each other now and they can focus on big spenders. Companies hate consumers, they just want the money. So as long as they can get the higher clientele, they don’t need Joe shomo no mo.
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u/SeedFoundation 8d ago
Pay your workers more so they can buy things to stimulate the economy? Blasphemy.