Post AwvbzkQLfs8iiX7kKO by yogthos@social.marxist.network
 (DIR) More posts by yogthos@social.marxist.network
 (DIR) Post #AwvbwnM6Jp0SwMjGng by yogthos@social.marxist.network
       2025-08-07T13:10:27Z
       
       1 likes, 1 repeats
       
       The "K-shape" economy is back. It's one of the most important charts to understand the state of the economy.The wealthy are still spending, although there has been some moderation. Meanwhile the bottom 80% are tapped out. Their spending is basically in line w/inflation. Whether the US ends up in a recession will depend almost entirely on whether the top 10 to 20% of earners keep spending.https://www.washingtonpost.com/opinions/2025/08/06/economy-jobs-middle-class-recession-tariffs/#usa #economy
       
 (DIR) Post #AwvbwoLmcULY1faWwa by Sovereign@pleroma.postawakening.com
       2025-08-07T13:48:21.234653Z
       
       0 likes, 0 repeats
       
       @yogthos That blue line though... These are the people who were bragging about quitting their jobs mid pandemic to get a bunch of pandemic money and they managed to take all that money and SPEND MORE THAN THE MIDDLE CLASS. I had friends bragging to me about how they weren't working, getting a bunch of money, while I was working my ass off making less money than some of them. No wonder some of you are poor. Don't get me wrong, the top 20% are bigger assholes on average because they control our destinies a lot more than the middle class and under, but the behavior depicted during the pandemic of exploiting/gaming the system shows me that many poor people would do the same very shitty actions the rich would do if they were in the same position. Obviously this isn't everyone and I do recognize that people in need probably have some very immediate things they have to spend on, but lets also not pretend that all of them were making wise financial decisions. The only reason I focus on this aspect is because it is the most visible to me being a poor person.
       
 (DIR) Post #AwvbzjpTsweIsBsIrY by kmck@mas.to
       2025-08-07T13:21:36Z
       
       0 likes, 0 repeats
       
       @yogthos I worked on the technical side of consumer packaged goods branding for most of my career, and this trend was the thing all the strategists seemed most eager not to see or think about, as the entire category was founded on the existence of a durable middle class. (Now I work on the technical side of high end spectacle-events, to my relief)
       
 (DIR) Post #AwvbzkQLfs8iiX7kKO by yogthos@social.marxist.network
       2025-08-07T13:39:06Z
       
       1 likes, 0 repeats
       
       @kmck incidentally, this also reminds me of the plutonomy memo from citi group https://elpidio.org/2018/02/12/citigroups-plutonomy-memo-there-are-rich-consumers-and-there-are-the-rest/
       
 (DIR) Post #Awvc6LWWeT6LW89xEu by Shlomo@poa.st
       2025-08-07T13:50:06.794737Z
       
       1 likes, 0 repeats
       
       @Sovereign @yogthos 
       
 (DIR) Post #AwvdLokQNZ4sS6bNE8 by kmck@mas.to
       2025-08-07T13:48:24Z
       
       1 likes, 0 repeats
       
       @yogthos yikes, so seldom do we get to hear plutocratic sang-froid explain its thinking so plainly.
       
 (DIR) Post #AwvdLppQMSffntwsev by yogthos@social.marxist.network
       2025-08-07T13:50:44Z
       
       1 likes, 0 repeats
       
       @kmck indeed, it's a good reminder that the ruling class knows they're fighting a class war