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If they did that in America 50% of the population would quit working and prices would quickly shoot up to MARS! Less workers, higher wages, more money in circu
by SCAQTony 13y ago
If they did that in America 50% of the population would quit working and prices would quickly shoot up to MARS!
Less workers, higher wages, more money in circulation... What an inflationary mess that would be.
- astrange 13y ago> If they did that in America 50% of the population would quit working And do startups! > What an inflationary mess that would be. The US could use some more inflation. There's no reason this would cause an increase in the money supply though.
- dinkumthinkum 13y agoYou think they would quit working and do startups ... You know our community is a sheltered bubble right? ... Ok just going to assume you're joking. :)
- nilkn 13y agoI agree with you on your concerns about inflation. Personally though I think there is this (unhealthy?) competitive culture in America that would drive people to work the same amount. It's like comparing now to the 50s. Almost all our households are dual income now. Surely that means each parent would work half as much, right? Nope. People are too busy competing on how fancy their houses are and therefore drove up housing prices sufficiently high that in many cities two middle class incomes are now necessary to swing the mortgage payments.