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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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Ok but money in and of itself doesn't mean anything. Just giving away all of the wealth doesn't inherently fix the lack of labour. You can make everyone a millionaire but it doesn't matter if they don't have anything to buy with that money.
We have plenty of labor, they are literally removing workers from the country. They keep coming up with new ways to prevent workers from entering the country. Unemployment rate has been a cool 4% for years now, the only thing wrong with the labor pool is their purchasing power.
I don't believe a reasonable population decline would mean such a severe shortage of labour that there would be nothing to buy. I think we could actually make a shorter week or shorter hours happen without big problems.