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by whynotminot
276 days ago
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> at some point an economy can't bear the dead weight of people pulling down six figure salaries by moving some javascript or PowerPoint slides around, while the base of the economy (industry, farming, energy production, transportation) dies from lack of investment. What if the base of the economy is well-paid power point rangers buying stuff? Because that’s what most of our economy is: consumer spending. It’s some sort of myth that the American farmer is the core of our economy or something. |
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Those "well-paid power point rangers" can't be the base of the economy: properly understood, they're an exploitative/parasite class sitting more towards the top of the pyramid.