I have my own theory about the increasing revenue gap, the top 1% becoming wealthier and the bottom 50% stagnating at best. I call it "the race to the bottom", but I'd like to check if my assumption is true, and gather some data to prove or disprove my theory. Where could I get the data?
The new cleaning lady (cats love these robots)
In short, my theory is that the average Joe is looking to buy the cheapest possible product, no matter how bad the quality, with a few exceptions such as IT gadgets and computers. It works as follows:
I don't think creating a new currency, or cutting CEO salaries, or taxing the top 1% even more will help, because it's a structural problem - people with the mentality of purchasing the cheapest possible stuff no matter what. And the top 1% have ways to avoid new taxes anyway.
Let me illustrates with three examples:
I could add healthcare in my list, but you get the picture.
I think point 4 is wrong. The wealthiest can always find ways to spend money.
I think what has happened is a prisoner's dilemma.
If an employer can cut wages or lay off staff they make more money.
Either way their possibly former employees have less to spend.
If ALL employers do this A is busily laying off B's customers while B is laying off A's customers.
So they have to find cheaper goods and services.
And A and B have to cut prices and are back to square one.
As for your food examples, Restaurants that do good food at a fair price do well. Some people will apways pay a bit extra for quality
The cleaning service: Only use reuptable agencies and make it clear that if anyone they send steals money you will make it a police matter. And that you expect certain standards in the people they send.
Education: Yes much is outdated and much is pointless. The "classics" like Sciences and Arts do not date, though there is little demand for reading Latin poets in the original, even the obscene bits where the precise act refered to cannot be identified today. Education is not about transmitting knowledge, more about transmitting a mindset. Yes, it is less valuable in getting a good job nowadays, but is far from worthless and not just in financial terms.
I disagree, too, about point #4. Here in Spain we've seen a boom in tourism pouring from Russia obviously produced by higher incomes in that country -in a small part of the population, for sure- and the pouring is in slow recession due to well known problems there. Same thing about chinese citizens, tourist or entrepreneurs. Many bussines -bars, restaurants and the like- are returning to spaniard's hands after some years of chinese management. And their so so cheap stores are closing or being sold.
For the rest, I agree completely. Same things happening here.