The Poverty Premium
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Video Transcript
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This is the math of poverty. When you don’t have capital, you pay more over
time for worse outcomes. You’re punished not for your choices, but for your lack of upfront resources.
This isn’t just a story about footwear. This dynamic is everywhere. Let’s talk about
something ordinary: toilet paper. If you have fifty dollars available, you go to a warehouse
store. You buy a massive pack. The cost per roll is cheap.
You’re stocked for months. If you’re living paycheck to paycheck, you don’t have fifty
dollars to spend all at once. You have four. So you buy a small pack from a convenience
store. The price per roll is triple what the warehouse store charges.
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