☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 2 days agoConsumers in the top 10% of the income distribution accounted for 49.2% of total US spending in Q2, up from 48.5% in Q1, reaching the highest level in data going back to 1989www.bloomberg.comexternal-linkmessage-square8fedilinkarrow-up151arrow-down10file-text
arrow-up151arrow-down1external-linkConsumers in the top 10% of the income distribution accounted for 49.2% of total US spending in Q2, up from 48.5% in Q1, reaching the highest level in data going back to 1989www.bloomberg.com☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 2 days agomessage-square8fedilinkfile-text
minus-squareSootySootySoot [any]@hexbear.netlinkfedilinkEnglisharrow-up5·2 days agoThis is a pretty clear way of putting it. Half of all products of our labour go to the richest 10%. And those 10% probably don’t produce anything at all. So we could all cut our working hours in half tomorrow while those 10% could get real jobs.
This is a pretty clear way of putting it. Half of all products of our labour go to the richest 10%.
And those 10% probably don’t produce anything at all. So we could all cut our working hours in half tomorrow while those 10% could get real jobs.