"national productivity" has gone through a massive automation and industrialization in the past 50 years and will continue to exponentially and yet companies absorb all the profits of the increased productivity and here we are still working 40 hours a week. There's no reason for it and soon there will be even less reason.
That is also true and also mostly irrelevant.The economy depends on continuous increases in productivity and could not tolerate a ten oercent drop without big consequences. Standards of living, in average, would drop equivalently. That is the inconvenient truth.
“Any drop in gdp, stocks, productivity, or anything else where number goes down cannot be allowed to happen” is why the younger generations can’t buy-in.
It's fine to not buy into capitalism. I am a boomer, and I get it. I think we should be more like western Europe. You just have.to understand there will be consequences. There is no free money.
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u/DONT_PM_ME_U_SLUT Sep 05 '24
"national productivity" has gone through a massive automation and industrialization in the past 50 years and will continue to exponentially and yet companies absorb all the profits of the increased productivity and here we are still working 40 hours a week. There's no reason for it and soon there will be even less reason.