Yes, hyperbole. But we are going to have more and more broke people who can't afford to buy anything beyond the basic necessities because there is no work they can do that provides income.
Yes, and that may not be such a bad thing. People want less now: less stuff, less status. Don't have a family and you're fine. When they bring in minimum basic income of $20K that will seal it.
The thin edge of the wedge is already here, as illustrated by the increasingly frequent business trend articles lamenting that millennials are wrecking our consumer-driven economy because we don't buy houses, cars, golf club memberships, wine, and so-on.
Those aren't "economic savings". Those are increased profit margins, and they go into the pockets of the shareholders who own the businesses that own the machines that produce the goods and services.
Those people aren't going to fund jack **** out of the goodness of their hearts.
I saw something that pointed out the "millennials are wrecking THIS" articles usually are talking about shitty things, like Appleby's.
Millennials are great in my books.
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