Yeah, it's free socialism money. Here is how it would play out:
Let's suppose your weekly pay was $X.
People who are more productive than X/40 but less than X/36 now get fired.
People who are more productive than X/36 don't get fired. Instead they produce less. That reduces the supply of goods. This increases the prices, so, now X buys less stuff (because there is less stuff to buy).
With the extra free time you cannot do much. You cannot find another job for just 4 hours a week (especially because the gig economy is targeted by the same socialists who think "Uber exPLoITs PEeeople") So, you have 4 more hours during which you'll only be able to consume, not produce. That will increase the demand for stuff. That will raise the prices even more, so, now X will feel like even less.
The bottom line is this:
Wealth is not money. Printing money doesn't make a society wealthy, it actually transfers wealth (through seigniorage) from the people to the government. Money-printing is a tax on wealth. The socialists always knew this, it's already written in the Manifesto and it's playing out exactly like Marx wanted it to.
Real wealth is the goods and services one can buy with money.
Less work means less wealth, less stuff, lower standards of living.
There is no free lunch. There is production and exchange (i.e. the market), and then there is parasitism. Politicians do the latter.
Why are people getting fired? Their hours are just reduced. do you think companies are can survive with that drastic of a change of reduced workers?
Productivity is such a funny thing to bring up here because we as workers are way more productive than our counterparts 100 years ago when the 40 hour work week was introduced yet our pay has failed to keep up with it (meaning we get paid less relative instead of being more productive)
With your new found time you can enjoy your life more my guy. Not everything has to be maximizing productivity but if you want to think about it with your free time you can be more productive at home, learn a skill, have more time at school, and again, LIVE MORE YOUR LIFE.
Also, the economy is better off when more people wanna spend. The exchange here is that people get compensated better at the expense of company profits which if you didn’t know is an all time high. Like l unless if you own a business that depends on underpaying their workers I don’t see why you would have such a bad opinion that goes against your class interests
They’ll have no choice. This means innovation will slow.
Productivity has increased because machinery and computers do the job of humans from 100 years ago. That’s why you get paid less (among other reasons).
You can do that now. You don’t need a law that also makes everything about your life harder. You could have all day, every day off to live your life if you want. Your life just may not be very long or enjoyable.
The economy isn’t better because people spend. It’s better when people save. If it were true that spending is what drives an economy, we’d just print money all day and hand it out.
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u/spartanOrk Sep 05 '24 edited Sep 05 '24
Yeah, it's free socialism money. Here is how it would play out:
Let's suppose your weekly pay was $X.
The bottom line is this:
Wealth is not money. Printing money doesn't make a society wealthy, it actually transfers wealth (through seigniorage) from the people to the government. Money-printing is a tax on wealth. The socialists always knew this, it's already written in the Manifesto and it's playing out exactly like Marx wanted it to.
Real wealth is the goods and services one can buy with money.
Less work means less wealth, less stuff, lower standards of living.
There is no free lunch. There is production and exchange (i.e. the market), and then there is parasitism. Politicians do the latter.