• evlogii@lemm.ee
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    3 months ago

    I’m reading the answers, and it seems like no one understood the question. 😔

  • Alimentar@lemm.ee
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    3 months ago

    The whole model they operate on is unsustainable. Either Blackrock and vanguard keep them afloat. Or they’ll take on personal loans, issue out corporate debt. Or find ways to downscale, either job losses shrinkflation. Or raise prices. These are all desperate measures and are signs of an unsustainable company.

    Losing the middle class (if that’s their target market) is a company’s biggest downfall.

    And I feel that the little people will start to lose hope cause it feels like it doesn’t matter… But it’s similar to someone on credit card debt. You can only do it so long before it starts to catch up.

  • MyTurtleSwimsUpsideDown@fedia.io
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    3 months ago

    Nothing they will just sell their goods to those who can afford them. If individuals can’t afford an appliance, they will sell them to a landlord or a laundromat, a restaurant another corporation, or rent them directly.

    once poor people have no more money to use.

    Unless you are referring to chattel slavery, or some barter system where people pay directly with goods or services, this is an impossibility. The poor will always be able to earn some meager amount of money (even if it’s company scrip), they just won’t be able to earn enough to escape poverty and debt. That’s what makes money valuable, that it can be exchanged for goods or labor.

  • then_three_more@lemmy.world
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    3 months ago

    Other companies like Klarna will pay and you’ll pay them back over however many months. My nan used to call that type of agreement ‘putting it on the never never’

  • SlopppyEngineer@lemmy.world
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    3 months ago

    Some suspect that production will start to shift to worker owned enterprises and user owned services. These don’t work for profit like capitalistic enterprises and can provide cheaper goods and services, something desperately needed when money is tight.

  • nandeEbisu@lemmy.world
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    3 months ago

    They might be able to produce things with automation and AI and only sustain a small lower class to maintain those machines.

  • UltraMagnus0001@lemmy.world
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    3 months ago

    The early 80s will happen again until the late 90s come back, So Reagan then Clinton. Crime will go up, Graffiti, homeless etc The rent is skyrocketing like when Reagan took over. The economy works when the middle class does well and we can’t keep funneling the money higher up. When the middle class can afford a home and cooperations stop buying them up to lease that might help.

    The upper class: keeps all of the money, pays none of the taxes. The middle class: pays all of the taxes, does all of the work. The poor are there…just to scare the shit out of the middle class." -George Carlin’

    That’s the way the ruling class operates in any society: they try to divide the rest of the people; they keep the lower and the middle classes fighting with each other so that they, the rich, can run off with all the fucking money. Fairly simple thing… happens to work…" -George Carlin

    • Scrof@sopuli.xyz
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      3 months ago

      Middle class does all the work? LOL They are mostly fucking leeches making useless shit and legitimising the upper class. Also they are a minority.

      • otp@sh.itjust.works
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        3 months ago

        The problem here is that everyone has a different definition of “middle class”.

        I think you’re using the definition of “middle management”, and Carlin was using the definition of “working class”. The lower class would be the poor who have less than full time employment (inconsistent or on welfare, etc), and “the rich” would be people who don’t actually have to work for a living.

        The terms are inconsistent.

    • Woozythebear@lemmy.world
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      3 months ago

      Yo fuck the middle class, everyone should be thriving if their working. I’m tired of all this middle class shit… what about all the people living in poverty?

        • Woozythebear@lemmy.world
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          3 months ago

          Na fuck that, it’s always middle class this and middle class that and the fact is the middle class couldn’t give a fuck about the cashier at Costco living paycheck to paycheck with no Healthcare or enjoyment in their life.

          I have solidarity with every worker but as soon as the middle class gets theirs they will abandon us.

      • Nobody@lemmy.world
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        3 months ago

        People who work full-time jobs used to be middle class. Living wages, affordable housing, yearly vacations, etc. Now, working people are still in poverty.

        • just_change_it@lemmy.world
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          3 months ago

          People who work full-time jobs used to be middle class. Living wages, affordable housing, yearly vacations, etc.

          When?

          Do you call camping in a campground a “family vacation” ? because that’s as far as my family had growing up in a pensioned job. We never could afford air travel, fancy new TVs, new cars… our house was very basic, we always drove beaters, we spent years without one thing or another to make it work.

          This isn’t the current generation, or the last one, this was even earlier.

          Just trying to understand when this idea that anybody in any job could have the white picket fence and world class quality of life was somehow a reality. I don’t think that’s ever been the case for the poorest full time workers or even the bottom 50%.

          • Iceblade@lemmy.world
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            3 months ago

            Do you call camping in a campground a “family vacation” ?

            I would…

            Sure, we never had the latest and greatest, fixed stuff ourselves and such, but we lived in a home that my parents owned and never really wanted for anything. That, to me, feels like a middle-class upbringing, and is what I’d like to be able to provide my own kids when I have them. However, right now the prospect of owning my own home seems increasingly far-fetched.

            • just_change_it@lemmy.world
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              3 months ago

              Campgrounds are everywhere and one in under a 2 hour drive is very doable throughout your whole life for a family vacation. You won’t lose access to that.

              Housing costs will swing back. We’re around the point where we were in the last housing market crash. Prices are at the edge of affordability for the middle class. Mortgages are higher than what can be rented. One market course correction and a ton of people lose their houses and the market collapses again.

              They’re doing everything they can to try and stop the collapse but homes are still increasing in price way more quickly than wages. Just a matter of time.

          • hamid@lemmy.world
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            3 months ago

            It was real for a small sliver of white people in the US based on wealth extraction of the rest of the world for like 15 years in 1950 and they never let it go

      • frezik@midwest.social
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        3 months ago

        Everyone in America is middle class. You can be lower middle class or upper middle class, but you’re never not middle class.

  • bloodfart@lemmy.ml
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    3 months ago

    They’ll loan money to the poor people and once that reaches its conclusion they’ll import more poor people.

  • sibannac@lemmy.world
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    3 months ago

    Currency will still be used. Unless everyone starts to absolutely own nothing, there will be bartering with something other than a fancy note with a promise of value from your local government. For example, food has been a staple currency for as long as agriculture has been a thing.

  • TheJack@lemmy.world
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    3 months ago

    The first thing that came to mind upon reading the title is the movie Repo Men from 2010.

    Plot from the Wikipedia:

    In 2025, advancements in medical technology have perfected bio-mechanical organs.

    A corporation known as The Union sells these expensive “artiforgs” on credit, and when customers are unable or unwilling to pay for their artiforgs The Union sends “repo men” to locate and forcibly repossess the organ - invariably resulting in the death of the owner.

  • istanbullu@lemmy.ml
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    3 months ago

    They will ask central banks to print money so poor people can take loans.

    Wait a second…