If our society is rooted in consumerism and requires warm bodies to keep the wheel turning, how can our society continue to exist if people lack the $$ to consume due to paltry wages, and aren't having kids due to cost?
I'm sure people will answer the consumerism part with credit cards and labor needs with Immigration / AI.
However, there has to be a limit right? Rent keeps rising, wages remain stagnant, credit lines get maxed, eventually consumption will grind to a halt, right? How does the machine continue to work? or at least how does it continue to generate exorbitant profit for the owning class?
EDIT: wouldn't it be better for the owner class to pay higher wages so the masses can consume more while also remaining appeased?