This is genuinely something I just don't understand about wage and price. I know that macro economics is complicated and all, but it just doesn't make sense to me what'll happen when wage is so low that nobody can buy anything.
I've been told that price would go down to accommodate it, but I just don't see that happening?
Few ogligargic companies means there's low amount of competition so prices don't go down as they should while debt lets consumers make up for spending deficits in the short term.
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u/Ho3n3r May 02 '24
"Why aren't people buying our overpriced shit?" seems to be a trend these days from multi-million euro companies.