Discretionary Spending is Dropping Rapidly

McDonald’s yesterday reported that its global sales declined for the first time since 2020, with its net profit declining 12 percent compared to the same period last year. Starbucks announced Tuesday that sales in North American stores dipped 2 percent, and sales in the rest of the world dipped 7 percent. Source: The Intercept

Image

2 Comments on Discretionary Spending is Dropping Rapidly

  1. It doesn’t take a Marxist to understand that the central crisis of capitalism is overproduction (underconsumption) as discretionary income gets ‘competed away’ into the subsistence wage.

Post a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Winter Watch

Discover more from Winter Watch

Subscribe now to keep reading and get access to the full archive.

Continue reading