“How do you cut demand for cars? You make the middle class poorer…” - Cotton Mind Joe.
““How do you cut demand for cars? You make the middle class poorer…” - Cotton Mind Joe.”
True statement about making the middle class poor. So let me add something else.
What if globally you can’t get the labor to produce automobiles?
Meaning nobody wants to work in factories or manufactories anymore. So they find different employment that is easier and pays better.
Supply doesn’t just appear by magic or imaginary sci-fi robots. It takes cooperation between capital & labor to run these commercial operations.
The capital is there but the labor supply isn’t, so these issues & trends will continue.