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casey2today at 7:02 PM2 repliesview on HN

If you don't understand second-order effect that is. What happens when everyone stops working, either QoL falls or prices rise. Labor force rate is at 83.8% for prime age workers. (Most of the QoL add comes from immigrant labor while most of the QoL extraction comes from high tech. So this does complicate the math) The govenment then lacking revenue extracts more from prime age workers and raises the retirement age and early withdrawal penalties.


Replies

inigyoutoday at 8:57 PM

That's going to happen regardless of your individual action. You can take a sabbatical and suffer a raised retirement age, or you can not take a sabbatical, and still suffer a raised retirement age. If you want to solve it, a collective action (i.e. government regulation) is necessary.

vinyl7today at 7:31 PM

I saw this coming from a mile away. Jobs just don't pay enough anymore, especially with inflation eating away at money faster than pay raises and housing becoming unaffordable for the majority. It's barely worth it to work. But that is what US capitalism has optimized for. Prioritizing the rich capital owners over the proletariat with tax cuts, regulation cuts, not enforcing monopoly laws, spending money on wars and bailing out the large companies etc.