Unlike other global environmental problems, like climate change for instance, biodiversity loss is not as widely recognized by the general public as an issue and is thus also largely unrecognized by industries that rely on the general public as a consumer pool.
Among its findings are that fewer than half of Americans over 18 now read novels, short stories, plays or poetry; that the consumer pool for books of all kinds has diminished; and that the pace at which the nation is losing readers, especially young readers, is quickening.
Its popularity has seen it attract advertisers keen to tap into the potential consumer pool.
There's plenty of upside here for the consumer pool to grow.
"In the U.K., the consumer pool continues to grow," says Runyon.
Suppose that ϕ = 0.8, so that an immigration-induced doubling of the workforce increases the size of the consumer pool by 80percentt.
"My running joke has been, it's like little kids," says Andreessen. "Like everybody out of the consumer pool, everybody into the enterprise pool.
Consider initially the special case of product market neutrality (i.e., ϕ = 1), so that immigration expands the size of the consumer pool by the same proportion as its expansion of the workforce.
I get to the point where I am just like — my running joke has been, it's like little kids, like everybody out of the consumer pool, everybody into the enterprise pool.
Then, if they strongly disagree with the decisions, which are more transparent than in commercial companies, they may remove themselves from the consumer pool and switch providers.
