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by fragmede 533 days ago
Inflation makes the problem worse, but even if inflation were zero percent, no company is going to tell its employees they can work 1 hour per week because the company is paying for the employees time.

On top of that, the fundamental competition inherent to a free market says that a company with employees that only worked 1 hour per week would be out competed by a company full of employees that worked more than that. (Up to a point, obviously.), so the company can't let it's employees take advantage of increased productivity with a shorter work weeks in order to stay competitive.

Getting rid of fractional reserve banking and inflation isn't going to change those underlying facts of capitalism.

1 comments

Its not about working less, it's about not having your wages stolen. If people understood they were getting a pay cut each year, they likely wouldn't stand for it. Instead they celebrate it as a pay rise but wonder why they can't afford nice things like a traditional family with an average-sized house and 2 kids, holidays etc, all paid for only by the husband who has an average job while the wife stays at home.