US
・UK
This is known as the Matthew effect, aka "The rich get richer, the poor get poorer".
AKA: "The rich get richer, the poor get poorer".
A 2024 Oxfam report found that the combined fortunes of the world's five richest men have more than doubled to $869 billion since 2020, while five billion people have been made poorer.
while five billion people have been made poorer.
Things that are easy, cheap, and fast to get, places where people are often driving everywhere or have poorer sleep schedules.
or have poorer sleep schedules.
and poorer people lived on the top floors and had to use the stairs.
and poorer people lived on the top floors and had to use the stairs.
And that will make everyone who owns a home feel poorer...
And in poorer countries, things are even worse
People who live in unsafe neighborhoods, don't have a stable income, and lack access to quality higher education or health care services have poorer health
but your income hasn't grown as much as the government is printing money, which means that you actually got significantly poorer compared to the 1970s and 80s because your income hasn't grown as much, but
You actually got significantly poorer compared to 1970s and 80s because your income hasn't grown as much.
Well, if you think about it, he's literally much more poorer than a homeless person.
Well, if you think about it, he is literally much more poorer than a homeless person.
Which means that prices are going to keep rising, but your wages are going to keep going down, which is essentially going to make everybody much poorer.
at the same time, lower economic growth, which means that prices are going to keep rising but your wages are going to keep going down, which is essentially going to make everybody much poorer.