You're downvoted but I can see where you're coming from. Your perspective is of someone that finally sees their paycheck doing something instead of buying basics plus maybe something nice every once in a while. However, the American economy is currently held together by investments and tech moonshots. If we entered deflation, the only thing holding our paper-thin economy goes bust and everything comes down, which would have severe ramifications to everyone's income.
Basically, we can't let investments die or it all dies.
If it's only being held together by hopes and prayers is it even being held together at all for the significant portion of the country that isn't investing?
Sounds more like the status quo, which conveniently favors those currently with power and wealth, while the vast majority suffer further and further.
I'm of the mind that we're headed to an economic crash anyway unless there were a lot of big policy changes really fast. The policies in place now are letting anyone who does not have financial power right now barely stay afloat while the 'big players' continue to create imaginary gains.
We're already in a position where people are being bled dry - just slowly enough to not start rioting over night.
It's going to inevitably happen due to decades of fluffing VC cushions while squeezing everyone else just enough.
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u/Cultural-Capital-942 6h ago
But how many people will skip what they want because prices will go down? Because for iphones (or androids or pcs), prices will go down.