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You have to consider purchasing power, not how much moneys you have in your wallet. If the majority of people get 10x the money they used to, they're not getti
by theodorton 10y ago
You have to consider purchasing power, not how much moneys you have in your wallet.
If the majority of people get 10x the money they used to, they're not getting 10x the purchasing power, because everyone needs a higher salary.
This is also an oversimplification. You can read more about the phenomenon here: https://en.wikipedia.org/wiki/Dutch_disease https://en.wikipedia.org/wiki/Dutch_disease
- deleted 10y ago[deleted]
- deleted 10y ago[deleted]
- gamegoblin 10y agoAgreed. I intentionally didn't use units of my wealth numbers to indicate some "absolute" measure or wealth. 10x more food, land, or whatever.