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If what you say was even remotely true, wages would increase automatically because there would be superior demand to offer. Yet this does not happen. In the en
by seec 2y ago
If what you say was even remotely true, wages would increase automatically because there would be superior demand to offer. Yet this does not happen.
In the end business output is constrained by demand and unlimited growth is a big fat lie. There are only so many goods/services that can be sold to people.
At some point you run into a situation where everyone has more stuff than they know what to do with (especially true if it is working people, because they are time constrained) and there are more services on offer that they are needs for, regardless of price/affordability.
If you do a thought experiment and give everyone infinite money you will realize that you will be constrained by real world considerations, just like the housing market is constrained by location...