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People stopping to work does not necessarily mean GDP reduces. Precisely because they still have money to spend, GDP will almost surely go up. Maybe you are thi
by conanbatt 11y ago
People stopping to work does not necessarily mean GDP reduces. Precisely because they still have money to spend, GDP will almost surely go up. Maybe you are thinking of amount of hours worked, that would go down, but that does not mean productivity, or quality of work, or amount of services and goods.
If only 10% stop doing minimum wages and go to school, and pursue a typical corporate carrier, and make 10 times minimum wage, the offset of the 90% not working minimum jobs anymore would be completely offset.
Not to mention that people needing to get a job within 2 or 3 days pick terrible jobs with no future, so those that dont go to school will still be able to pick jobs better.