4 ms·
Why Not Start Your Weekend on Wednesday?
- mattmcknight 18y agoIt's all about the status.
- sokoloff 18y agoIt's not just about status, but the people who would want the relatively higher income are correct, IMO. Abstract (fiat) money exists as a proxy for productive labor. If in one world an hour of unskilled labor costs $1, and in a parallel world, an hour of unskilled labor costs $10, I'd assume that world A's dime is worth world B's dollar, and all other things equal, I'd rather have a dime in world where everyone else had a penny than a dollar in a world where everyone had ten dollars. If I have relatively more money, I can pay people to do things that I don't care to do (rake leaves, remove garbage, grow food, whatever) much more easily than if everyone in the world has more money than I do...