…s if rich households continue accumulating income at a faster rate than the rest of the households? Considering that this rate of income accumulation will most likely be higher than rate of population growth, eventually it will turn rich households into a larger market than the middle class and poor combined. As a result, incentive mechanisms to make technologies for the masses will become gradually reduced, giving way to products that increasingly cater to the rich.
We live in a world where digital products are inherently undervalued relative to other products. We will shell out $5 for a pumpkin spice latte in a heartbeat, but the second we have to pay $1.99 for an app, we begin to conduct cost-benefit analysis as if we were buying a damn house.