294
The AI Termination Ban: Why Chinese Courts Just Made It Illegal to Replace Workers with Robots
(finance.yahoo.com)
this post was submitted on 01 May 2026
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I think a statistic I saw recently was that nearly 50% of American consumer spending is attributed to the top 10% of consumers.
Which would largely indicate that it doesn't matter because those who have the money will continue to spend it and those that don't will continue to get poorer.
I have always loved the saying: Lie, outrageous lie, statistic.
Data is a wonderfull thing, but it often can be really easily to be presented in a way, that while being true, is not representing the truth.
Like if we would just look the numbers containing just necessities and remove the luxury products it would not be that lopsided.
Luxury products like health insurance, food, education, and independent housing?
This is what's happening to Vegas, the number of visitors is dropping but the casino profit is increasing. The city no longer caters to the middle class but to millionaires.
Do Vegas casinos own a sizeable stake in online gaming? If so, it would be interesting to see what part of those increasing profits are due to us poors spending on online gaming increasing while we never set foot in Vegas.