Quote:
Originally Posted by Mathgod
We could certainly look at expanding student loan forgiveness to make post secondary education accessible to more people. But I disagree with your overall notion of the single parent living in poverty. People have to realize that having a child is a choice, and by making that choice they are accepting certain responsibilities. Having access to a UBI plus income from a full-time job... it would seem that, in most cases, it won't result in the parent & child living in poverty. If anything, UBI incentivizes couples to stay together.
Bingo. Supply and demand. If prices are too high, it means there is a shortage of supply.
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I guess I see demand for unskilled labour cratering as people give up eating out and fancy vacations to grind out livings without having to work cratering GDP in a similar manner to Covid with a disproportionate amount of the affect being hourly wages followed by a shortage of skilled labour particularly in health, education and STEM fields as they all retire at 35.
The one assumption I make is people would rather have a 90% life of leisure vs working for more luxury. Why that doesn’t happen right now is that the infrastructure costs just to work eat up huge amounts of money to feed the machine.
Perhaps continued addiction to credit keeps consumerism going and it’s more like Ralph bucks where people continue to burn through money as fast as it comes in and it acts as stimulus and increases GDP.