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0 pointsnotch656c3y ago0 comments

I make a good wage and the first thing I'll do if I get the boot is stop buying things from the plebs. No eating out and paying the cook. No day care paying the working class daycare worker. No buying lumber for house projects paying the logger and mill worker. No cars paying the auto worker. etc, etc. Less toys for the kid meaning less trucking and shipping work.

Compound that at scale and it will definitely have an effect.

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AYBABTME3y ago

But relatively minor, expenses don't scale linearly with income.

notch656cOP3y ago

True but at a minimum income I am not employing anyone and basically only paying rent (straight to the megarich) and taxes (straight to the destitute and the megarich) and food while scrounging and DIY for everything else. The portion people spend on working class worker services probably increases exponentially going from lower working class to upper middle class, which would make the effect naturally even worse than a linear one.

ghufran_syed3y ago

there is also the fact that the skewed income distribution means that there are relatively few high income people cutting back (a lot) on expenses, so while it has an effect, it’s probably a lot less than if the same proportion of low income people were losing their jobs

idopmstuff3y ago

Yep, this is it exactly. Even tens of thousands of tech workers getting laid off and cutting back discretionary spending isn't actually that impactful in the grand scheme of things, especially since much of their spending is on high-end, luxury goods.

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