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Although as history has proven prices increase, so does the workload and so people’s compensation should increase as well. Over the years, there is the argument that minimum wage is not enough for a person to live on or respectably, live comfortably on. Money becomes, in fact, the principal means of interrelating the ever more specialist activities of literate society” (McLuhan, p.155). “The role of money is enormously increased after money begins to foster specialism and separation of social functions. When you think of the phrase “Money Talks”, it means whether you have it or you don’t, it speaks to who a person is, the kind of work they do or don’t do, the kind of friends they have, the kind of lifestyle they live and that’s how it represents intangible interests. No matter the form, money is still a necessary commodity. If we look back at how much items used to cost and compare it to now, there is a significant increase in price and an increase in products, services, foods, goods, etc. I think it will be some time before bitcoin or something similar will become more as a source of currency for a lot of people, but it wouldn’t surprise me if that becomes the only method of financial transactions. There is the argument that cash is becoming useless because of online shopping. We may get to a point where some of these currencies will become obsolete. There are different forms of money such as cash, credit/bank cards, checks, and now bitcoin. “From coin to paper currency, and from currency to credit card there is a steady progression toward commercial exchange as the movement of information itself” (McLuhan, p.154). A person who is in the middle doesn’t qualify for certain assistance but do not make enough to have access to as much as a high-class person. A person makes to little, they can’t buy a car or a home, a person makes too much, they have access to many advantages in life. Regardless of which area a person fits into, they are judged and are fundamentally controlled by societal rules.
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If we take the terms of high, middle, and low class, one of the determining factors (if not the main one) is how much income a person generates on an annual basis. However, there are different levels to how money is used and given and how it run’s a person’s life. In retrospect, it does take money to survive and live a certain lifestyle. “Primitive commodity money can be a storehouse of power and has often become the occasion of feverish economic activity” (McLuhan, p.149). In my opinion, money will never be meaningless.
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When you’re gone and the spending ends, they don’t want to come round your door”. “Money, you’ve got lots of friends crowding around your door.