Loading ...Gee, that means there is a severe shortage of dollars circulating. I knew decades ago, after the 1975 1980 era, the primary gov’t/business objective was to lower the extremely high wage costs in the private tax paying sector. No such objective required or mandated in the tax absorbing civil service sector. (at that time low wage high benefit)
There was always ongoing inflation, and said to myself…..All prices including labor prices all have to go up in unison to make sense. Allowing all prices to rise, but NOT allowing wages, minimum wage, and Social Security increases to rise in unison with the others would be a big problem in the future.
And here we are…IN THAT FUTURE. The low wages are bringing down (deflation) the whole stupid man made artificial game of a financial system.
TPTB are SCRAMBLING to get wages higher, too little too late. If when this DEFLATION gets far worse, Gold should fly because people will see the result or proof of mismanagement of the financial system.
Doubling tripling and quadrupling of the workforce, combined with computerized labor reducing technology has created a very interesting situation.
I once made a post about what if one man had a machine that produced and did everything. What would happen? Would he be obligated to provide for everyone?