Those are all bad, however, if you turn them around to read "being able to not ...", they become good things. Being able to not retire or being able to not have kids are good things.
Yes, remember back when we were forced by penalty of jail to get a well-paying fulltime job and raise a family? I'm so glad those dark times are over! /s
But the difference here is there's not choice. There's plenty of people who want kids or want to retire, but can't because the job market is garbage due to artificially increased labor supply and thus they are forced to live hand to mouth
We need to switch from bond-backed money to UBI-backed money or cryptocurrency (or both). Hereby I explain how UBI-backed money would work:
How money flows
- UBI is no-strings attached and provided from both fresh* and recycled money
- Taxes continue as usual
- Monetary supply is controlled by amount of government wages and UBI. Demand is controlled by amount of taxes.
Assumptions
- Everyone except civil servants get equal amount of BI
- civil servants get a wage which is greater than or equal to BI instead
* as in, UBI itself is an instrument to print money, this also applies to civil servant wages
No interest needed in this scheme. Just three variables: number of citizens, amount of UBI and civil servant wages, amount of taxes. UBI is provided from both fresh and recycled money, if we otherwise provided it only from fresh money, inflation would arise. Or the opposite, only recycled money would still require bond-backed money as civil servant wages are not enough of monetary supply for all the citizens.
If anything, I see companies bemoaning the absence of sufficient labor.
The only place I see too many people for too few jobs is in low-skilled manual labor and service. The ratio of people to jobs falls in these areas as a consequence of technological advancements. Not to say that isn't a problem, but it's hardly a nefarious conspiracy.
Offshoring with free trade means the whole global population is effectively in competition for jobs. Pay and benefits is reduced to the country willing to provide the cheapest labor with least protections and benefits.