jnordwick's excellent point is that demand can grow without any obvious bound. That has an impact on both ends of the labor market. Sure, people will be willing

jnordwick's excellent point is that demand can grow without any obvious bound. That has an impact on both ends of the labor market. Sure, people will be willing to work more to acquire the things they want, but that demand itself generates a need for jobs and leverage for labor. Somebody needs to design and manufacture the next iPhone or fancy TV. Somebody else needs to refurbish and maintain that lovely seaside Airbnb for jnordwick's next vacation. This can be a self-reinforcing cycle, and it's how the economic pie can grow even as everyone on the whole takes more.