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E58: November's CPI, preparing for a downturn, macro outlook, Better.com's botched layoffs & more
All-In with Chamath, Jason, Sacks & Friedberg
Is the Low Cost Model of Consumption Coming to an End?
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The low cost model of consumerism in the united states may be coming to an end, or it will accelerate the implementation of automation across that sector of the economy. I don't think ionly labor, but dontmak taco bell is going to sell baridos if they cost six dollars. So we need to get mo people working. We could do that by ending the stimi checks,. But the most important thing we could do right now is mansha. Wod do bite in the biggest favor by just putting a bullet in this build back better plan becas. i actually think there'd be a massive relief rally and the economy would take off like a rocket next year.
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