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Right, every economic system we've thought up relies on the assumption that everyone works. Or, close to everyone. Capitalism is just as much about consumption
by const_cast 1y ago
Right, every economic system we've thought up relies on the assumption that everyone works. Or, close to everyone. Capitalism is just as much about consumption as it is production.
- SpicyLemonZest 1y agoClose to everyone doesn't work today. The labor force participation rate is only about 62%.
- const_cast 1y agoLabor force participation rate has increased pretty drastically since 1950. I'd imagine due to better medicine and treatments that allow people to work when they otherwise wouldn't. But, 62% is very high. Keep in mind that number takes into account not only the elderly and disable, but also children. Pretty much everyone who can work is working. We don't want children to be working, that's bad. We should all be on the same page about that.