There will not be many working people if the economy is deflationary. Please read a macro book so you at least understand what you're arguing against before spouting nonsense.
If the books say it's wrong, maybe it's time they get updated.
[1] https://www5.cao.go.jp/zenbun/wp-e/wp-je03/03-00102.html
What's the harm?
Non-monetary compensation, like health insurance, still costs the business a lot of money.
Would you be in favor of getting rid of mandatory health insurance and passing that money to employees instead?
If the news weren’t telling us the economy tanked, nobody would be worried. Houses are affordable, jobs are everywhere, people aren’t going into lifelong debt because of medical issues.
In countries with inflation, the wealth divide is massive and growing. Wages might be up sometimes. But house prices and health insurance far outstrip any gains there. I guess milk is a little cheaper though. Maybe that tips the scales.
Can be vulgar to point this out, but the homelessness in America is a policy choice. If America had the same economy as Japan, we would still have lots of homelessness, because that is how we choose to organize our society.
This sounds facile, but then again consider how we choose to organize our healthcare system.
[1] https://www.macrotrends.net/countries/JPN/japan/unemployment...
The us had deflation between 1860 and 1910. I guess at the end of fifty years of that we had, like, no laborers, or something.
Please read a history book before provably wrong macro dogma rots your brain and all you do is spout nonsense that could actually harm people.
[1] https://en.m.wikipedia.org/wiki/Long_Depression#:~:text=In%2....