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Don't be fooled
(lemmy.world)
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this post was submitted on 25 May 2025
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You're looking at it purely from a present-day perspective. Just because the pool of available workers is large enough today to provide for everybody doesn't mean that it will be fifty years into the future. It's not about "infinite growth" it's about providing a consistent standard of living and a fair generational contract that doesn't place an undue burden on future generations.
Well, there's a simple fix. Since 1970, the standard of living for 90% of the population in the US has been stagnant or declining. We have absolutely increased our GDP, our productivity, and our total economic output. But all the gains have gone to the top 10%. You could tax all economic growth past the 1970 level at 100%, and 90% of the country wouldn't even notice.