|
|
|
|
|
by Ajedi32
793 days ago
|
|
Perhaps you could link to some information on this "long history of thought on this subject" because to me everything you just wrote sounds like nonsense. The idea that we can just double people's compensation and thereby double our total economic output (because compensation is "whatever we decide it is") is so wrong headed I don't even know where to begin. Maybe that's a misunderstanding of your position, but I don't know how else to interpret what you just said. |
|
What does work is to improve the efficiency of the regulations. For the ones that are net negative you can just get rid of them. For the ones that are net positive but still poorly constructed, you can reduce their overhead.
This doesn't increase economic output, it reduces waste. Then you can work half as many hours for the same money, or the same number of hours for twice as much, not because anything more is being created but because people are spending half as much time on useless tasks. If they then spend that time doing something productive, output would increase, but that's a personal choice. If you could work 10 hours a week and that was enough to earn a living and own a home, would everybody still want to work 40 hours just so they could also own six cars and two boats? Some people would, which is fine, but some people wouldn't.