Back when I wrote the Locust Economy, I assessed the wealth transfer as primarily bring from service class to middle class but now I think the bulk has probably been from VC $, which is ultimately from investment funds owned by old people/institutions.https://www.ribbonfarm.com/2013/04/03/the-locust-economy/ …
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It’s not just tech of course. Like all the good non-Starbucks coffee I’ve consumed has been from unprofitable indie coffee shops. Your idealism margin is my lifestyle opportunity
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I once paired a 50% off gift card for cleanly with another 30% discount to do my laundry for half a year cheaper than doing it myself (coins) or walking it across the street to the laundromat
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Functional, cheap, unprofitable services are a sort of shadow income, like shadow labor