Regrettably he believed far too much in fungibility as well. As technology increases you need fewer people with higher skills to produce everything, but there

Regrettably he believed far too much in fungibility as well. As technology increases you need fewer people with higher skills to produce everything, but there is no reason why they should spend all their time producing a surplus to supply everybody else. They would rather stop and have Thursday and Friday off. We all work in solidarity with those we need to work. Because it is more difficult to share out the unemployment than it first appeared. The solution is to retire people earlier and have a public job option so younger people can always contribute their labour hours for others. Retiring people at 50 makes sense in a Covid world.