“There’s this wild disconnect between what people are experiencing and what economists are experiencing,” says Nikki Cimino, a recruiter in Denver.
“There’s this wild disconnect between what people are experiencing and what economists are experiencing,” says Nikki Cimino, a recruiter in Denver.
People don’t venmo at grocery store checkout. It’s all credit cards. The credit card craze started in the 60’s which unsurprisingly coincided with banks switching to eft’s.
Credit cards are electronic payments, hence why they had magstrips and later smartchips. Also how long ago did they replace most cash transactions depends on the country - in plenty of even Western nations card payments were pretty rare even it the 90s.
Thwt said your point that fhe transation to said “modern” economy has been going on for longer than merely “since the 90s” does make sense.