Do you think the people working for that company are going to work for “2000” wages?
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Most of us are working for less than we made in the 1970’s much less a mere 14 years ago when you factor in the FEDS inflation.. The deflation throughout much of the 1800’s led to shortlived currency/bank panics but the country grew enormously and hard work was rewarded UNLIKE TODAY.. deflation will hurt those that live on compound interest (banks) ... inflation doesn’t mean growth and deflation doesn’t mean contraction (in anything but dollar terms) in real goods or wealth... Jamie Dimon and Lloyd Blankfein can “do Gods work” from cellblock “A” ...
An economy -- defined as the sum total of all products and services it produces -- grows over time through one or both of the following: (1) growth in population, and (2) growth in productivity. Our population is stagnant, to the point where we feel a need to maintain open borders just to replace those who retire and die and provide a nominal level of economic growth. Productivity growth has driven much of our economic growth over the last 35 years, but I'm not sure how meaningful this will be anymore now that we've reached the point where our capacity to produce things far exceeds our ability to consume them.