Atlantic writer and millennial derrick thompson explains the 'millennial life style subsidy' He argues that millennials are getting a little bit of a subsidy from venture capital. The reason we were all paying prices that seemed literally too low was that those start ups wanted us as customers, and they were happy to undercharge. And i call this whole arrangement the millennial life style subsidy, not coming up changing times.
Venture capitalists spent years subsidizing the price of things like Uber rides and food delivery. The Atlantic’s Derek Thompson explains why they’ve stopped.
This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Paul Mounsey, and hosted by Noel King.
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