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by bottled_poe 2123 days ago
That’s easy - the ones with the money. If the wealth divides, so will the product offferings from those companies. A bit of an inconvenient truth for many of us.
2 comments

So that implies that when companies keep the same revenue, their offering will become more expensive (Nobody needs 5 iPhones).

This also implies that the ones that are able to buy an iPhone, will pay significantly more for it. Which will make the ones that can afford it even more narrow.

There is something wrong with the reasoning that losing a big part of the market has no influence on companies and consumers that are still able to afford things. This impacts everyone, there is no question about that. Maybe some more than others, but everyone will feel it.

That makes no sence, many demands are not elastic. You are bot going to buy 10x mor macbooks, shoes, and baking powder if you are 10x wealthier.
No, but you might buy that $1200 iPhone instead of the $400 model.
Okay, how large % of your total expenditure is iPhones? do you buy them weekly?