cause if everyone was getting 10k USD per day and was rich the value of money would be gone ofc
we have people working fastfood jobs or driving taxis barely making ends meet, could the world still function if everyone lived a comfortable life? maybe everyone was at least middle class?
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So, the current economic system requires ”an underclass” — broke people. It requires this because cheap labour is a necessity to ensure that people can get products (cheap, and in large quantities) to meet demand.
We don’t necessarily need broke people for the world to function, but for the current economic system an underclass is needed. As for percentages, I can’t give you accurate guesses really – but the majority of people need to be relatively poor to support the vast wealth of the upper classes, and a minority need to live in dire (or absolute) poverty to support the relatively poor. It’s like a pyramid.
If everyone had a comfortable life, the world would still function – society would continue ticking along – but it would look very different to the society we understand today both economically and culturally.
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