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by bee_rider 1151 days ago
If we get paid half as much, but there’s still the same amount of stuff being made, how’s that all supposed to work out?

In any case, I bet lots of people would take less pay in exchange for almost twice as much time to spend with their friends and loved ones.
1 comments
JohnFen 1151 days ago
> I bet lots of people would take less pay in exchange for almost twice as much time to spend with their friends and loved ones.

Only those who are paid well. For the majority of people in the US, this isn't true. Halving their income is an existential crisis.

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adventured 1151 days ago
It's true for the majority of people everywhere.

If you chop incomes in half, for example, Europe's various aging welfare states would quickly implode due to lack of tax revenue. Every advanced welfare state is built on tax revenue continuing to pour in. Many of the affluent nations in Europe are already struggling with demographics v tax revenue v welfare state needs, a rapid drop in income and it'd all go down quickly.

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