How does the economy work in the Wizarding World? (HP)

Mordo | Mythic Invincible!
 
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emigrate or degenerate. the choice is yours
Seems like your only choices are to work for the Ministry or own an owl shop on diagon alley.

Like how are you supposed to make any wizard coin? There are no menial labor jobs thanks to magic, and even then you are competing against free house elf slave labour.

In fact, shouldn't magic render the Wizarding World into a post scarcity economy? Why would the Weasleys be dirt poor then?

Rowling sort this out right this instance.


Doctor Doom | Mythic Invincible!
 
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the one true God is Doctor Doom and we should all be worshiping him.
That's the real magic.


Onion | Elite Four Invincible!
 
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Are memes a muggle construct or do wizards have them too?


rC | Mythic Inconceivable!
 
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ayy lmao
i mean, filch had a pretty menial job...


mojo | Legendary Invincible!
 
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wow are u reatraded please read up on your lore lmao