You got it backwards. Bill Gates and Alex Karp don’t pay megamoney for lumber or farm land. They consume a bit more than the average person, but not by the same %age as they are richer.

But everyone else can’t afford basic necessities or furniture anymore. And so being a farmer or a woodworker or whatever becomes a less attractive job, less people will do it, and you will have a harder time finding someone fixing your plumbing. Or pay a premium.

Instead, the ultra-wealthy are demanding extreme luxury, and so a would-be farmer is now a hotel page boy carrying around some rich dudes’ luggage, hoping for a tip.