Rich-cession: Wealthy People Losing Access to Cheap Labor and Money

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Have you noticed the narrative in mainstream media? The rich have lost access to cheap capital because of high interest rates, and cheap capital because "no one wants to work anymore".

They want to put the cat back in the bag, but the people are like, "Nah, no thanks!"

CNBC on the Richcession: https://www.cnbc.com/2023/10/25/recession-vs-richcession-why-americas-rich-face-economic-headwinds.html

WSJ on haggling (Paywall): https://www.wsj.com/articles/how-to-bargain-andsave-money-5c5ba5b6

Yahoo Finance Rich Hit Hardest: https://finance.yahoo.com/news/wealthy-americans-are-getting-hit-hardest-by-the-economy-slowing-down-160522161.html

Workers with Two Jobs at Once: https://www.businessinsider.com/how-genz-working-2-remote-jobs-gets-away-with-it-2023-5

Employees Using Chat GPT to get ahead at work: https://www.businessinsider.com/chatgpt-secret-productivity-work-ai-technology-ban-employees-coworkers-job-2023-8

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#richcession #wealthy #interestrates #financial #victim